India: Accounting Standards

The Supreme Court’s decision in Pannalal Bhansali v. Bharti Telecom Limited marks an important development in Indian corporate law, particularly on the use of reduction of share capital under Section 66 of the Companies Act, 2013 (“the Act”) as a mechanism for facilitating minority exit.

In today's fiercely competitive business world, companies are constantly seeking innovative ways to optimize costs, boost efficiency, and hone in on what they do best.

Recently, the Employee Stock Options Plan (ESOP) has been introduced in many corporates as a reward scheme for an employee. ESOPs are used to create...