Restructuring Corporate Offenses: Government Appointed Panel Suggests in-House Adjudication System

Special Courts and their Plight

Special Courts are up to their necks deep in corporate fraud cases with serious offenses. In this mess of serious offenses, many routine procedural errors and lapses are piling onto the pending cases and cluttering the justice system for corporates. In a pursuit, to “de-clog” the system, a 10-man government-appointed committee chaired by Mr. Injeti Srinivas are looking to bring about radical changes by restructuring corporate offenses. This attempt also comes as part of larger efforts by the government to enhance the Ease of Doing Business and improving ROC compliances. The Ministry of Corporate Affairs has also made brilliant strides to promote faster company registration procedures with One-Day Company Incorporation with SPICe.One outstanding and radical change the panel suggests is the appointment of an in-house adjudication system to facilitate freeing up the workload on the special courts.

Restructuring Corporate Justice

It is clear that the … Read More

Corporate Politics – The Elephant in the Room

Corporate politics are everywhere. They inflict every company. In fact, you’d be hard put to find a senior manager out there who has completely avoided the fray.

Depending how far you make it up the corporate ladder, you’ll feel the heat the higher up you go. Executives and professionals talk about it all the time, especially over cocktails, but rarely in formal discussions or meetings. If it does come up in a formal setting, it is likely brought up as “We need to reinvigorate culture.”

And if you are running a new business in a large company that is developing or trying to develop a product or solution that is disruptive to the mainstream business, then you are likely drowning in corporate politics.

That certainly was my personal experience in running a business group that was creating new computers and devices for people living at the bottom of the pyramid. … Read More

Duties And Tasks Of A Corporate Lawyer

The law is a body of guidelines that is designed to manage the blameworthy conduct of people. When contemplating whether or not to rent a lawyer on your public urination charge, one also needs to take into accounts that almost all lawyers do not require your look for a lot of these instances and therefore can prevent from taking a time off of work, journey bills, and generally spending hours waiting in a protracted safety line (that is ceaselessly wrapped across the constructing) and several other more hours sitting on a wood bench in a crowded courtroom.

The Anti-Kickback statute will not be solely a criminal prohibition in opposition to payments made purposefully to induce or reward the referral or generation of Federal well being care business, it additionally addresses the supply or payment of something of worth in return for purchasing, leasing, ordering of any item or service reimbursable … Read More