All stories by Sudipto Dey
Explained: Why shareholders are angry at promoter-directors' remunerationRediff.com23 Sep 2021
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
What Vijay Mallya's bankruptcy means for fugitive businessman, lendersRediff.com29 Jul 2021
The Insolvencies and Companies Court of London high court on Monday declared fugitive business baron Vijay Mallya a bankrupt person as per UK laws. Legal experts explain what this means for 65-year old Mallya's personal liberties, his legal battle against extradition to India to face trial, and for the consortium of Indian lenders - at whose behest the bankruptcy proceedings were initiated in the UK courts.
Cairn case: Will India manage to save its foreign assets?Rediff.com27 Jul 2021
For India to invoke "sovereign" or "state" immunity to safeguard its foreign assets, which are under threat of getting seized in the intensifying legal battle with Cairn Energy, may come with several riders. Experts point out that the Indian government has to first satisfy the French court that the properties or assets that are under consideration are being used to dispense the state's sovereign functions.
The other company seeking to attach India's assetsRediff.com12 Jul 2021
'Devas will continue to pursue its rights and enforcement actions against India in courts around the world.'
How RBI's tough rules impact audit companiesRediff.com2 Jun 2021
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Tata-Mistry spat: What it means for minority and small shareholdersRediff.com9 Apr 2021
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
When it comes to salary, India Inc has its job cut outRediff.com2 Mar 2021
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Seizing India's foreign assets won't be easy for Cairn EnergyRediff.com17 Feb 2021
Cairn Energy has threatened the Indian government that it is looking at executing the favourable $1.2 billion international tribunal award in the retrospective taxation case by seizing India's overseas assets.
Why stopping Future's asset sale to Reliance may not be easyRediff.com3 Feb 2021
Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers' purse.
Companies can now seat their arbitration outside IndiaRediff.com23 Nov 2020
Choice of jurisdiction is important as that decides which country's law would apply in settlement of the dispute, says Sudipto Dey.
Decoded: Why Google Pay is under Competition Commission's scannerRediff.com19 Nov 2020
CCI decided to pursue investigation on two issues - these relate to "exclusivity regarding the mode of payment for the purchase of apps and in-app purchases" and "pre-installation and prominence of Google Pay on Android smartphones".
Future Group vs Amazon: The 5 big legal hurdlesRediff.com4 Nov 2020
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
Vodafone verdict: What lies ahead for India's tax laws, investment pactsRediff.com5 Oct 2020
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
Why e-tailers find it tough to mention 'country of origin' on goodsRediff.com28 Jul 2020
Experts say it is difficult to determine country of origin where most products are manufactured and sold, as part of a complex global value chain.
A Sebi move that will help companies stay in survival modeRediff.com17 Jul 2020
Sebi's move to reduce time period required between subsequent QIPs to two weeks would help companies raise capital at regular intervals and time their share sale better.
Blocking apps: Acid test for India's cyber lawsRediff.com14 Jul 2020
The advent of artificial intelligence, blockchain technology and cryptocurrencies, and the increasing use of Internet of Things devices throw techno-legal challenges regarding privacy and security. Experts say, any expansion of power to the government to block web-services is detrimental to the interests of users, innovation, and India's larger technology ecosystem. The move to block the mobile apps is likely to have a lasting impact on the data security and privacy framework.
Looking beyond IBCRediff.com15 Jun 2020
IBC-oriented pre-packs, the other mechanism under consideration, are a mix of out-of-court restructuring and a formal insolvency process, say experts.
Global pvt wealth takes a hit; India sees 20% dip in Q4Rediff.com25 Apr 2020
In India, the drop was fuelled by the rupee's depreciation from around 71 to 75 a dollar during the quarter.
Work from home: How safe is your data?Rediff.com30 Mar 2020
India doesn't have a data protection law or a dedicated law on cybersecurity. Also, there is no specialised law on privacy. Experts say this complicates the scenario for businesses as they continue to be liable for breach in client data even when employees work out of the home.
Budget proposals that may give rise to tax disputesRediff.com17 Feb 2020
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence.