Indian Law

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The week brought bad news for the King of Good Times, Vijay Mallya, as the Insolvency and Companies Court of the London High Court declared the former liquor baron of India, fugitive from Indian law, bankrupt.

SEBI has suggested amendments in ICDR to streamline the role and accountability of promoters and bring Indian law in line with international standards.

Under the Indian law relating to companies, a public company is managed by a Board of Directors which is entrusted with the responsibility of managing the company in the most efficient and transparent manner.

The last two months have ...