Tag: FEMA compliance

NCLT Bengaluru Declines to Rule on FEMA Issues in Aakash–Byju’s Rights Issue Dispute

Team Law Notify Commissions, Forums & Tribunals April 8, 2026

NCLT _ National Company Law Tribunal _ LawNotify

April 7, 2026 : The Bengaluru Bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Aakash Educational Services Limited seeking regulatory clarity on funds infused by Think & Learn Pvt. Ltd. (Byju’s) during its Corporate Read more…

NCLT Chennai Allows Capital Reduction by Loss-Making Company, Upholds Shareholder Primacy in Abtran India Case

Team Law Notify Commissions, Forums & Tribunals March 13, 2026

March 12, 2026 : The National Company Law Tribunal (NCLT), Chennai Bench has reaffirmed that a company incurring losses is not legally restrained from paying its shareholders as part of a capital reduction exercise under Section 66 of the Companies Read more…