PayPal has been hit by Rs. 96 Lakh penalty by the Financial Intelligence Unit (FIU) for alleged contravention of the anti-money laundering law and accused of 'concealing' suspect financial transactions and abetting "disintegration" of India's financial system.
PUFE Transactions are covered under sections 43, 45, 66, and 50 of the Insolvency and Bankruptcy Code, 2016. It lists four types of vulnerable transactions, namely Preferential, Undervalued, Fraudulent, and Extortionate.
Limitation Act, 1963 applies to the proceedings under the Insolvency and Bankruptcy Code, 2016 in the matters relating to the initiation of the corporate insolvency resolution process(CIRP) based on time-barred debt.
IBC is fueling mergers and acquisition transactions in India. Learn about IBC and how it is changing the M&A landscape in the country.
Due diligence in M&A transactions is required to confirm the vendor's pertinent information such as financials, contracts, customers, etc.
A Politically Exposed Person is someone who, through their prominent position or influence, is more susceptible to being involved in bribery or corruption.
The Force Majeure clause has neither been defined nor specifically dealt with in Indian statutes, however, the term attracts the provisions of Section 32 of the Indian Contract Act.
The outbreak of COVID-19 has caused potential buyers and sellers to think and analyze the fundamental aspects of the business relationship and the importance of online due diligence.