645 results found

The Delhi High Court recently in the case of, Vingro Developers Private Limited v. Nitya Shree Developers Private Limited, (Arb. P. 667/2023), has held that directors of a company cannot be made party...

"Aapda mein hamne aage badhne ka awsar khoja" (we found opportunity to move forward in disaster) the Indian Prime Minister Mr. Narender Modi said on January 12, 2021 talking about earthquake in Gujarat in 2001.

Bribery and corruption are the sensitive concerns for any organization doing business locally or globally.

The way cheques are issued, bounced, and dealt with has changed dramatically throughout the years. Our country has benefited greatly from commercial globalization.

Let us do an exercise. You may not have bothered so far, so you could do it today. Have a look at the backside of your Drycleaner's slip for the garments you have given him for laundry or dry cleaning.

Keeping in view the requirements for Statutory compliances by companies under the Companies Act,2013, and to enable compliance by such Resolution Professionals,...

The National Company Law Tribunal, Chennai Bench, has dismissed a petition under Sections 397 and 398 of the Companies Act, 1956, holding that a break down of mutual trust and confidence between two equal shareholders, and a deadlock arising from their differences, cannot by itself be treated as oppression or mismanagement.

The National Company Law Tribunal (NCLT), Mumbai Bench, has directed the respondent directors of a Pune based company to buy out the shares of a 33% shareholder. The Tribunal held that the allegations of fund diversion and manipulation of share capital were barred by limitation, but found that non-service of meeting notices amounted to oppression.

Section 194 of the Companies Act, 2013 prohibits directors and key managerial personnel from executing contracts / arrangements that permit them to exercise a ‘right to call for delivery...

Thereafter, the Appellant preferred a Review Application which also came to be dismissed by the High Court. Hence, the Appellant moved the Supreme Court by way of a Special Leave Petition.

Although Special Purpose Acquisition Companies (SPACs) have been active for decades, the year 2021 has been witnessing a considerable rise in SPAC activities, with nearly USD 128 billion raised from...

The High Court of Bombay in its recent decision in Rata Tata and Ors. v State of Maharashtra and Anr. (Criminal Writ Petition No. 1238 of 2019 decided on 22 July 2019) held that the contents of the special notice ...

The Hon'ble Supreme Court in a recent judgment in Ashutosh Ashok Parasrampuriya and Anr. v. M/s Gharkul Industries Pvt. Ltd. & Ors. held that the directors of a company can only be made liable for offences committed by the company ...

Typically, private equity and venture capital investors seek various contractual rights to protect their investments and secure their returns.

Corporate Governance is formed by merging two words "Corporate" and"Governance". Corporate is derived from the word corporation which means a separate legal entity distinct from its members, simply referred to as a company.

SEBI has recently notified certain amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations (Listing Regulations) which expressly recognise...

The provisions relating to declaration of significant beneficial ownership ("SBO") were introduced in the Companies Act, 2013 ("Act")...