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The provisions relating to declaration of significant beneficial ownership (“SBO”) were introduced in the Companies Act, 2013 (“Act”) with effect from June 2018, to prevent misuse of corporate...
Published On: 23/01/2023
Practice Area: Anti-Bribery & Anti-Corruption
Authors:
Avik Biswas
Arunima Kumar
Ivana Chatterjee
On 15th September 2022, the US Department of Justice announced significant revisions in its policy to pursue corporate crimes. The memorandum popularly titled the ‘Second Monaco Memo’ supplements and reinforces existing DoJ policies, while introducing new key initiatives and policies, thereby leaning towards a more aggressive approach in dealing with corporate crimes. Avik Biswas, Arunima Kumar and Ivana Chatterjee from our Anti-Bribery and Anti-Corruption (ABAC) practice group analyse the impact and implications of these initiatives on Indian corporations in their piece for the International Bar Association
