Ms Neetika Ahuja

Neetika Ahuja

Lawyer biography

Neetika’s practice area includes general corporate, regulatory and capital market matters. She has extensive experience of advising multinational companies on entry and exit strategies, overseas direct investment by Indian companies as well as has been advising clients in various areas of laws such as Companies Act, foreign exchange and securities laws.

She advises clients across various sectors including information technology, telecommunications, infrastructure, manufacturing, services, retail, hospitality and pharmaceuticals. Her scope of work includes conducting legal due diligence, corporate and compliance audits, compliance management and corporate governance matters, apart from general corporate advisory. (https://www.clasislaw.com/partner4.html)  


Updates

Corporate & Commercial

MCA introduces stricter compliance requirements for LLPs
India | 03 May 2021

In order to improve limited liability partnership (LLP) compliance and regulate the designated partners of LLPs, the Ministry of Corporate Affairs recently stated that it will extend certain sections of the Companies Act 2013 to the Limited Liability Partnership Act and therefore LLPs. It is surprising that the LLP structure, which was introduced by the government to relax and ease the process of setting up small businesses, is now pushing the same small enterprises towards a stricter compliance regime.

One-person companies: a new entry route for non-resident Indians into the Indian market
India | 26 April 2021

When the Companies Act 2013 entered into force, the concept of 'one-person companies' ('OPCs') was introduced. New amended rules recently entered into force and provide that natural persons who are Indian citizens, whether resident in India or not, can incorporate OPCs in India. This move has been highly welcomed by start-ups and innovators as it will boost the entrepreneurial capabilities of non-resident Indians and overseas citizens of India and help them to enter the Indian market.

Key changes under Foreign Contribution (Regulation) Amendment Act
India | 01 March 2021

The central government recently notified the Foreign Contribution (Regulation) Amendment Act. The amendment act aims to strengthen organisations' compliance mechanisms, enhance transparency and accountability in the use of foreign contributions and prevent the misuse of funds received from foreign contributions by certain organisations and instead promote the use of such funds by genuine non-governmental organisations which are working to improve the welfare of society.

Key takeaways from Companies (Amendment) Act
India | 01 February 2021

The Companies (Amendment) Act recently entered into force and aims to decriminalise minor, technical and procedural non-compliance based on the nature and gravity of such offences, thereby facilitating and promoting the ease of doing business and further facilitating the ease of living for law-abiding corporates in India.

Analysing recent amendments to corporate social responsibility legislation
India | 30 November 2020

The Companies Act 2013 is the exclusive legislation which deals with corporate social responsibility (CSR) provisions in India. In response to the COVID-19 pandemic, the Ministry of Corporate Affairs has issued various amendments to the Companies Act. On the one hand, the amendments propose to provide ease of compliance to companies; however, on the other, they also seek to penalise companies and their officers for non-compliance with CSR provisions.

Companies (Amendment) Act and Foreign Contribution (Regulation) Amendment Act enacted
India | 26 October 2020

The Companies (Amendment) Act 2020 and the Foreign Contribution (Regulation) Amendment Act 2020 recently came into force, amending the Companies Act 2013 and the Foreign Contribution (Regulation) Act 2010. This article sets out the salient changes introduced by both amendment acts, including with respect to producer companies, offences and the remuneration of non-executive directors.

MCA temporarily allows virtual AGMs: help or hindrance?
India | 21 September 2020

In view of the COVID-19 pandemic and continuing restrictions on the movement of individuals, the Ministry of Corporate Affairs (MCA) recently issued a circular allowing companies to convene their annual general meeting (AGM) through videoconferencing or other audiovisual means (ie, electronically). With AGMs around the corner, it will be interesting to see how companies will hold virtual AGMs in practice and whether companies and their members will welcome the MCA's relaxations.

Decriminalisation of offences under Companies Act: need of the hour
India | 31 August 2020

India's company law regime has evolved over the years and become stricter and more penal in nature. There has been a paradigm shift in the legislature's viewpoint with regard to the Companies Act's stringency. There has also been a recent trend to promote foreign investment in India. Accordingly, the legislature has adopted measures in order to decriminalise – or at least liberalise – India's company law regime.

MCA temporarily allows certain restricted corporate actions to occur at virtual board meetings
India | 13 July 2020

The COVID-19 pandemic has affected businesses' ability to comply with various statutory rules and regulations due to lockdowns and other social distancing measures. The government – particularly the Ministry of Corporate Affairs (MCA) – has proactively introduced various measures to support companies in their ability to comply with the Companies Act 2013. Most notably, the MCA has relaxed the restrictions around which corporate actions can occur at virtual board meetings until 30 September 2020.