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Month: February 2019
Adjudicating Authority for Corporate Persons
28 Feb, 19

Adjudicating Authority for Corporate Persons

Adjudicating Authority for Corporate Persons Every law is incomplete without an appropriate legislative authority that shall be responsible for monitoring the effective and smooth functioning of that law. The law is crafted keeping into account that there shall be a special authority which shall be responsible for resolving the practical difficulties that arise during the […]
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Voluntary Liquidation - Muds Management
27 Feb, 19

Voluntary Liquidation

Voluntary Liquidation The Insolvency and Bankruptcy Code 2016 not only enables the insolvency proceedings of the insolvents but also the code contains provisions for solvent entities that want to themselves surrender their business and refrain from carrying on their business. To be eligible for voluntary liquidation, the solvent entity must be in a state to […]
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Liquidation process for Corporate Persons
26 Feb, 19

Liquidation process for Corporate Persons

Liquidation process for Corporate Persons The provisions dealing with the liquidation of corporate persons are imbibed in chapter III of part II of the Insolvency and Bankruptcy code. We at MUDS on having a glance at chapter III derived the interpretation that liquidation process can be initiated only when the resolution plan as required to […]
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Checklist for Incorporation of NBFC
23 Feb, 19

Checklist for Incorporation of NBFC

Checklist for Incorporation of NBFC The procedure for incorporation of NBFC under Companies Act 2013 has been further made easy. The streamlining being done is as follows: Now an NBFC can be directly registered with MCA. No prior approval is required from RBI. RBI comes into picture only post the incorporation of the NBFC. Without […]
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Phantom Stocks
19 Feb, 19

What Is Phantom Stocks and How Does It Work?

What Is Phantom Stocks and How Does It Work? Phantom stocks are actually a type of compensation that provides access to the employees to the stock without actually owning them. Just as other stocks, these too show transitions (i.e. rise and fall) in value. “In sink with the underlying organization’s stock, the employees are repaid […]
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