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Section 185 of the Companies Act and its impact on lending transactions

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Section 185, effective from September 12, 2013 and Section 186, effective from April 1, 2014 are two provisions of the (“Act”) which have created much anxiety among the business community because of its direct impact on capability of the businesses to raise finance. A bare reading of Section 185 of the Act, suggests that advancing […]

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Why are defense procurements susceptible to Corruption?

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By Aastha Suman  From the time that India realized the importance of a strong defense infrastructure and decided to procure advanced weaponry and equipments, its procurements have been sullied and muddied by allegations of corruption.  In fact kickbacks received during procurements of the Swedish Bofors guns, the Barack missile, the French Scorpene deal, the HDW […]

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