Understanding Corporate and Commercial Laws: The Indian Context

A successful judicial system is a healthy signpost of a democratic society, furthering the confidence of investors and businessmen from shores afar. The book captures the aspect of corporate and commercial law prevailing in India. Over the years, India has witnessed rapid economic growth of Indian markets for indigenous as well as foreign market players. Globalisation has spun a wheel of constant evolution of corporate and commercial law to tackle the multitude of complexities faced by the companies while operating their business. Corporate law is concerned with study of legal and external affair matters, Merger and Acquisitions and how shareholders, stakeholders, consumers and other parties involved in transaction interact with each other internally through corporate governance and externally through commercial transaction. Commercial laws, is the area of law that is always thriving since it has a strong association with the economy, thus affecting the society as a whole. It is thus, incredibly important, as it affects how businesses are run and how they in turn work to help and grow society. Furthermore, it provides the rules and regulatios for businesses and organisations so as to ensure legal conduct avoiding fraudulent activity. The book touches down upon attempts made to rectify and bring clarity towards resolution of commercial disputes in India and how principles of ostensible owners are interpreted by the Indian courts and lawmakers in order to fill the lacunas that makes our legal system vulnerable. Also included is a case study on U.K. landmark judgement on the lifting of the corporate veil and its applicability in India.