Remerge company

Majmudar & Partners advised Axis Bank Limited, one of India’s largest private sector banks, on its acquisition of shares of Max Life Insurance Company Limited from Max Financial Services Limited and Mitsui Sumitomo Company Limited for INR95,75,00,000 (approx. US$14 million).  Axis Bank now holds a 5.99% stake in Max Life Insurance, which is a leading life insurance company in India.  The deal threw up complex insurance and foreign investment regulatory issues, which were successfully navigated by the team from Majmudar & Partners, led by Managing Partner, Akil Hirani. … [Read more...] about Majmudar & Partners represents Axis Bank Limited on its investment in Max Life Insurance Company Limited

Share Tweet Plus One Pin It Email Print By: Aasavri Rai March 31, 2018 1:27 pm Change Font Size The Condonation of Delay Scheme 2018 has been extended by the Ministry of Corporate Affairs, up to 30th April. The circular issued by the Ministry, reads as follows: “In continuation to the Ministry’s General Circular No. 16/2017, dated 29/12/2017 on the subject cited above, this Ministry has, on consideration of requests received from various stakeholders, has decided to extend the Condonation of Delay Scheme, 2018 up to 30th April 2018.” The Condonation of Delay Scheme was notified by the Ministry, vide a circular dated 29th December 2017. The scheme was originally envisaged to remain effective till 31st March 2018. The MCA had introduced the Condonation of Delay (COD) scheme to benefit 3,09,614 directors associated with the companies that had failed to file financial statements or annual returns in the MCA21 online registry for a continuous period of … [Read more...] about Default Companies : Condonation of Delay Scheme Extended Till 30th April

Shareholders of a penny stock Minneapolis oil and gas company are now shareholders of a penny stock CBD cosmetics business. A Minnesota oil and gas firm, which in a former life was a producer of snow skates in Colorado, will once again overhaul its corporate structure — this time to become a producer of personal grooming and cosmetic products containing hemp-derived CBD. Avalon Oil & Gas Inc. (OTC: AOGN), a modest two-person outfit based in Minneapolis, will change its name to Groove Botanicals Inc., produce CBD personal care products and ferry its oil and natural gas holdings to a subsidiary, company officials disclosed Tuesday in a filing with the U.S. Securities and Exchange Commission. Avalon principals started exploring a potential expedition into hemp-derived cannabidiol products early last year and pulled the trigger in March, according to the filing. To enact such a change, all Avalon needed was majority shareholder approval, something it could accomplish from its … [Read more...] about This struggling oil and gas company will soon sell you CBD-infused personal care products

THE Starbucks manager who sparked a race row by calling the cops on two black men waiting for allegedly "trespassing" in her coffee shop is "no longer working there", reports claim. Activists called for a global boycott of the coffee giant after mobile phone footage appeared to show the men, who were waiting for a friend, being handcuffed and frogmarched out of the Philadelphia store. Starbucks apologises over video of two black men getting arrested ‘for using toilet’ at Philadelphia coffee shop Holly, who managed the 18th and Spruce Streets branch for a year, left the downtown store in what has been described as a "mutual decision", a Starbucks representative told several media outlets, including ABC. Before her departure, she claimed loitering is an ongoing problem at the branch and said she was once chased and threatened after asking someone to leave, she told AppleNews.com. As protests at the outlet continue, Starbucks CEO Kevin Johnson has said he wants to … [Read more...] about Starbucks manager who sparked global outrage by getting two black men arrested ‘no longer works for the company’

Stephanie Baker, Bloomberg Published 8:18 am, Tuesday, May 8, 2018 When the political consulting firm Cambridge Analytica announced last week it would be closing its doors and filing for bankruptcy in the wake of the Facebook data scandal, speculation mounted that it would be revived under the guise of two new companies set up in London. Not so, said Nigel Oakes, the founder of Cambridge Analytica's British affiliate, SCL Group. "It's the end of the show," he said by phone Tuesday. "The whole lot is gone. There's no secret. For anything like this to re-create itself you need a team of people to work together, but nobody is working together. Everybody has gone off to do their own things." Several media outlets had pointed to filings on U.K. business registry Companies House showing Cambridge Analytica executives had set up a London-based firm in August 2017 called Emerdata Ltd. Rebekah and Jennifer Mercer, the daughters of conservative hedge fund tycoon and Trump supporter … [Read more...] about Cambridge Analytica won’t be revived under new company name