Bhumesh
Bhumesh Verma 31 Jan 2018 3:10pm
Importance of Drafting Skills
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IMPORTANCE OF DRAFTING SKILLS BY BHUMESH VERMA American actor Will Rogers famously said, “The minute you read something and you can't understand it, you can almost be sure that it was drawn up by a lawyer.”So much appreciation for lawyers' drafting skills!Till about mid - 1990s, it was a common sight in Indian legal chambers for stenos / junior lawyers…
Bhumesh
Bhumesh Verma 30 Jan 2018 11:08am
Decoding the Bitcoin Conundrum
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Introduction There are currencies and currencies in the world, and there is bitcoin.The rise of bitcoins has excited public imagination today in much the same way the first transatlantic flight had ignited global fascination and fears. The next great revolution in IT is finally here. Bitcoin, Ethereum, Token, Litecoin, BBQCoin, SolidCoin and many more…
Bhumesh
Bhumesh Verma 19 Jan 2018 11:29am
Cyber security a business risk
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These days, we keep hearing or reading about some or the other cyber-attack - hackers keep using ransomware on the data of various government agencies and big corporates all over the world. As a result, no individual, government or company is feeling safe about its data in the cyber world - data belonging to one and all is increasingly becoming vulnerable…
Bhumesh
Bhumesh Verma 18 Jan 2018 3:41pm
Due Diligence - a primer for beginners
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Due diligence is the heart and soul of any corporate merger & acquisition (M&A) transaction and very decisive step that is often flouted by the companies due to its perception of being an arduous task.What is a due diligence?In a typical corporate M&A transaction, due diligence is the process undertaken by the acquirer to evaluate and realize…
Bhumesh
Bhumesh Verma 9 Dec 2017 4:46pm
Bulk cash depositors (of last year), beware
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Last year, around the same time, there was a rush to deposit the demonetized currency notes of Rupees 500 and 1,000 denominations.The underlying intent of the Government behind the November 08, 2016 announcement was to curb black money and restrict funding of terrorist. As a result of the government order, millions of currency notes including…
Bhumesh
Bhumesh Verma 7 Dec 2017 3:01pm
Changes in the Bankruptcy Code - will this work ?
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Recognising the urgency warranted by facts on ground, the Government of India has come up with an Ordinance to amend the Insolvency and Bankruptcy Code (IBC) on Thursday, barring inter alia, promoters of defaulting companies from regaining control of their assets being sold under the bankruptcy process.I have ambivalent feelings about the rationale…
Bhumesh
Bhumesh Verma 6 Dec 2017 2:42pm
Think before you join a Board
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Hang on before jumping to that offer of coveted directorship of a bluechip company.A recent Supreme Court order in case of Jaypee Infratech has come as a big jolt to corporate governance as far as the role and responsibilities of independent directors are concerned.Due to the default committed by Jaypee Infratech in repayment of loan worth Rs 8500…
Bhumesh
Bhumesh Verma 5 Dec 2017 2:00pm
Lenders' fear about valuation under IBC
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Indian Insolvency and Bankruptcy Code (IBC) has been recently amended through promulgation of an Ordinance. The underlying intent of the government is to restrict wilful defaulters, persons associated with non-performing assets and defaulters in complying with the existing laws from bidding for assets of stressed companies.While certain sections  quarters…
Bhumesh
Bhumesh Verma 5 Dec 2017 11:00am
Independent directors left high and dry
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Contrary to media reports and public demand, the government of India seems to be in no mood to provide any relief whatsoever to de-registered companies or disqualified directors which have faced the government’s tirade.In last few months, the Ministry of Corporate Affairs has become hyper active against dormant / shell companies and has deregistered…
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