Blog by Niti Manthan
Facilitating young minds towards holistic development.
Growth in a business organization is primarily either organic or inorganic. Organic growth results through the organization’s own internal strategies such as capital restructuring or business restructuring. Such internal strategies result in increased customer base, higher sales, and revenue. This, however, does not result in a change in the corporate entity. Inorganic growth, on the other hand, is often attained by enhancing output and business reach through mergers, acquisitions, amalgamations, takeover and other corporate restructuring which result in a change in the corporate entity. Corporate restructuring, thus, is a means to attain inorganic growth in an organization.
In times of economic slump ‘corporate restructuring’ becomes the most talked of term in any business organization. While ‘restructuring’ refers to any changes brought about in the organization but the term ‘corporate restructuring’ is often done when the business is in a financial jeopardy.
The world’s largest democracy in the past few decades has witnessed significant growth in development of the corporate world. However, in that process the pros of development and advancement have been accompanied by the cons of environment degradation and vulnerability. The article analysis Corporate Environmental liability as a tool of precaution and corporate initiative and discusses the legal provisions associated with the same.
For the first time, the report of the Santhanam Committee attached the great importance to the emergence of crime and abuses known as “white collar” crime, which is also recognized by the report of 29th Law Commission in 1972. The study of the committee acknowledged the advent of the “mass society” with a tiny elite controller, promoting monopoly development and a deviation from ethical behaviour. White-collar crime is invisible in many different respects. The article will briefly outline some major questions dominating discussions of how this vast group of offences can be controlled.
The Doctrine of Lifting of Corporate Veil rests upon the concept of a Company being a separate legal entity, different from its members, shareholders or Directors. This article tries to examine the Doctrine and its underlying concept, the concept of piercing of corporate veil, the grounds under which the veil can be lifted and the provisions under the Indian law supporting the same. This article also tries to substantiate this Doctrine with relevant case laws.