Newsletter Issue - March 2019

Key Updates:

• Arraigning a Company as an accused is essential for prosecuting authorized signatory – Hon’ble Supreme Court in Himanshu v. B Shivamurthy & Anr.

• Former CEO cannot espouse writ jurisdiction for allegations regarding affairs of the Company - Hon’ble Supreme Court of India in Ramesh Sanka v. Union Of India

Policy Updates:

• AMENMENTS TO COMPANIES(SIGNIFICANT BENEFICIAL OWNERSHIP) AMENDMENTS RULES, 2018

• DISCUSSION PAPER ON PROPOSED GUIDELINES FOR COMPENSATION OF WHOLE TIME DIRECTORS/ CHIEF EXECUTIVE OFFICERS/ MATERIAL RISK TAKERS AND CONTROL FUNCTION STAFF, ETC.

Hammurabi & Solomon (H&S)March

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