CHARTERED SECRETARY Vice President [ Registered Under Trade Marks Act, 1999 ] S
JAN2013-INST16A.qxd 1/5/2013 5:55 PM Page 1 JAN2013-INST16A.qxd 1/5/2013 5:55 PM Page 2 JAN2013-INST16A.qxd 1/5/2013 5:55 PM Page 3 The Council ISSN 0972-1983 R 01 President Nesar Ahmad CHARTERED SECRETARY Vice President [ Registered under Trade Marks Act, 1999 ] S. N. Ananthasubramanian Vol. : XLIII No. 01 Pg 01-136 JANUARY - 2013 Members (in alphabetical order) Anil Murarka Ardhendu Sen From the President & 06 Arun Balakrishnan Ashok Kumar Pareek Legal World & 72 (LW-01-12) Atul Hasmukhrai Mehta Atul Mittal From the Government & 84 (GN-01-21) B. Narasimhan Gopalakrishna Hegde News from the Institute & 106 Harish Kumar Vaid P. Sesh Kumar Our Members & 136 Pradeep Kumar Mittal Renuka Kumar (Ms.) Sanjay Grover 498 ( A 01-45 ) Sridharan R Articles Sudhir Babu C Resolution versus creditor rights: India strongly needs to tame SARFAESI Act 14 U D Choubey (Dr.) Restructuring and Insolvency 19 Umesh Harjivandas Ved Vikas Yashwant Khare Will NCLT Prove to be the Panacea for Sick Industries? 22 Schemes of Arrangement - Fairness Rules the Roost 26 Secretary & Corporate Restructuring Would Court Lift Veil? 33 Chief Executive Officer Intangible Assets - Impact on Mergers and Amalgamations 37 N. K. Jain (upto 31.12.2012) Corporate Restructuring and Insolvency 41 Secretary M. S. Sahoo (w.e.f. 01.01.2013) Corporate Restructuring and Insolvency 46 Procedural Aspects including documentation forMergers and Amalgamations 51 Chief Executive Sutanu Sinha (w.e.f. 01.01.2013) Annual Subscription Editorial Advisory Board Inland : Rs. 1000 (Rs. 500 for Students of the ICSI) Foreign : $100; £60 (surface mail) Single Copy : Rs.