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Articles by Durga Rao

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Understanding "Books of Account" under Company Law

Posted by Durga Rao 23 April 2009 11348 Views

Understanding “Book of Accounts” under company law: Clause (a) to (c) of the sub-section (1) of section 209 requires every company to maintain books of accounts in respect of receipts, expenditure, sales, purchase, assets and



Corporate Governance - the consequences of non-adherence

Posted by Durga Rao 13 April 2009 11241 Views

We often hear about “Corporate Governance” while referring to some misdeed in some big listed Public Company. We refer the term “Corp...



Evidentiary value of minutes under section 195 - an analysis

Posted by Durga Rao 08 April 2009 6078 Views

Section 195 of Companies Act, 1956 says that where minutes of the proceedings of any general meeting of the company or of any meeting of its Board of directors or of a committee of the Board have been kept in accordance with the provisions



Settled Principles of Law Vs. Company Law

Posted by Durga Rao 07 April 2009 4513 Views

Understanding settled principles of law is very very important while presenting or pursuing a case before a Court of law, Board or any Tribunal. Keepin...



National Company Law Tribunal - a comment

Posted by Durga Rao 01 April 2009 17611 Views

National Company Law Tribunal–comment: With the companies’ law amendments, 2002, by which the National Company Law Tribunal was constituted, puts a specific bar on the Civil Court’s Jurisdiction. The constitution of Nat



Powers of Tribunal/CLB under section 397/398 of the Act.

Posted by Durga Rao 27 March 2009 7036 Views

It is really very difficult to codify the powers of the Tribunal under section 397/398 of the Act. Obviously, the Tribunal has wide powers or powers to pass such orders in order to put an end to the matters complained of. While all the se



Is company law complicated?

Posted by Durga Rao 26 March 2009 5093 Views

As everybody know, the formation and functioning of companies in India are governed by the Companies Act, 1956, the rules framed by the Central Government, the SEBI regulations and RBI guidelines and regulations on certain issues like inter-country t




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