Tata vs. Mistry: Case Before Supreme Court Introduction Tata is one of the largest conglomerate in India, being established in 1968 and with its business expanded in almost every sector from Hotel Chains to Automobiles. TATA group was at its height being led by its executive chairman, Cyrus Mistry. Background of the Case Case before…
Voluntary Liquidation Process of Corporate Persons Introduction Companies all across the world, whether big or small, needs to be kept under the checks and balance of law, in order to maintain efficiency and transparency towards the public. While the growth of the company and its good future prospects are what drives public and other lenders…
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Lifting of corporate veil: To make shareholders personally liable Table of contents Introduction Theories for Lifting of corporate veil Alter-ego theory Instrumentality theory Categories Under statutory provision Failure to return application money For investigation of ownership of company Fraudulent conduct Furnishing false statements Misstatement in Prospectus Misdescription of Company’s name Inducing persons to invest money…
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Your Current Account will be freezed – When and Why? We received a call from our client and he was furious on his Bank as the Bank freezed his current account on the pretext that he is having CC limit. Although, we sent a letter to bank to defreeze the account but it is necessary…
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Having Similar Company Name – Company Name will be changed Automatically? Sometimes it happens that the name of Company is similar to the name of other existing Company then such Company name is required to be changed within 3 months from the date of issue of directions from the Central Government. Ministry of Corporate Affairs…
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Independent Director-Role, Independency and Present Scenario The success of a company lies in how effective the Board of Directors of a company are. With the world going ahead, most companies have started to go beyond national boundaries. This indicates the involvement of investors across the world. With so many investors involved in a company, their…
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Related Party Transactions 5 Lacunas That Weaken The Spirit Of Section 188 Of The Companies Act, 2013 The newspapers were flooded with news of Ramalinga Raju when one of the biggest scandals that is ‘Satyam scam’ broke out. The scam shook the nation by being one of the hugest scams in the country. It is ironic,…
Extension of Time under Company Law Clarification on passing of ordinary and special resolutions under the Companies Act 2013 The Ministry of Corporate Affairs has issued a clarification, vide General Circular No. 10/2021 dated 23rd June 2021, on passing of ordinary and special resolutions by companies under the Companies Act, 2013 read with rules made thereunder…
FAQs on Debenture Trustee – By SEBI 1. What is a Debenture? A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified rate and also carrying an interest. It is one of the methods of raising the loan capital of the company. A debenture is thus like a certificate of loan or a loan…
Liabilities of Directors INTRODUCTION In general understanding, a ‘Director’ is a person who manages all the decisions and affairs of the company. He acts upon the resolutions and makes decisions for the betterment of the company. He can also be understood as the trustee of the company its money and property. In legal definition, a director…
