Under Indian law, someone unconnected with the business but with the skills and experience to be a director, can join the board as an “additional director” and bring a fresh perspective to how the company is managed. In this article we examine the steps needed to appoint such a director and how additional directors can help drive company growth.
When a company wants to ensure its ‘secret sauces’ aren’t being shared with its rivals, a non-compete and non-solicitation clauses comes in handy. This article sets out how courts in Singapore and India view these restrictive covenants.
In Moser Baer Karamchari Union Thr. President Mahesh Chand Sharma v. Union of India and Ors., the Supreme Court of India has upheld the Companies Act 2013 provision that overrides payment of workers’ dues during Liquidation process under the Insolvency and Bankruptcy Code, 2016.
In its recent ruling, the Bombay High Court reiterated the need for a written agreement between the parties if one of them objects to the unilateral appointment of an arbitrator by the other.
The Asian Business Law Institute recently released Model Clauses for Contracting in Asia under its Contract Laws in Asia project. Aarna Law is delighted to have contributed to the Model Clauses, offering expertise from the perspective of Indian law and practice.
There is a new element that start-up founders can no longer ignore as they search for success. Alongside a strong value proposition and a credible team, the post-pandemic investor expects …
Why corporate governance matters for early-stage companies Read more »
Decided by the Supreme Court of India on May 20, 2022 Facts The Appellant had filed an application under Section 156(3) of the Code of Criminal Procedure (“Cr.P.C.”), seeking instructions …
Knit Pro International vs State of NCT of Delhi Criminal Appeal No. 807 of 2022 Read more »
