Corporate Law Articles

Strike Off of the Name of the Company

Neethi V. Kannanth 17 March 2022 at 13:50

In this article, I have explained the procedure for striking off the name of the companies from the register of companies.

Case study - National spot exchange limited

FCS Deepak Pratap Singh 17 March 2022 at 08:58

As you are aware that the management of a company is supposed to work in the best interest of the shareholders, however in practice it may pursue its own agenda and that leads to the agency conflicts. Since corporates are legal entities and managed by natural persons and they collectively called Board of Directors.

Whether a German Company can file application under Sec 9 of IBC 2016

FCS Deepak Pratap Singh 17 March 2022 at 08:58

The Respondent, a German Company (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code,2016 against Indian Company, M/s. Excel Metal Processors Ltd., alleging that the " Corporate Debtor" has committed default in making payment to an extent of US$1,258,2019.42 inclusive of interest @15% p.a.

Assignment of marine insurance policies

FCS Deepak Pratap Singh 16 March 2022 at 08:49

A contract of marine insurance may by its express terms or by usage of trade be extended so as to protect the insured against losses on inland waters or any land risk which may be incidental to any sea voyage.

e-SHRAM Portal: An Overview

CS Lalit Rajput 15 March 2022 at 09:04

Shri Bhupender Yadav, Hon'ble Minister (L&E), The Ministry of Labour & Employment, has launched the eSHRAM portal on 26th August 2021.

Management Aspects in Insolvency and Bankruptcy Process

CS Peer mehboob 15 March 2022 at 08:52

As per section 17 of the Insolvency and Bankruptcy Code, from the date of appointment of the interim resolution professional, the interim resolution professional vested with the management of the corporate debtor.

Analysis on Corporate Social Responsibility (CSR)

Neethi V. Kannanth 14 March 2022 at 12:12

Through Corporate Social Responsibility, companies voluntarily contribute to a better society and environment. Corporate Social Responsibility can be defined as a Company's sense of responsibility towards the community and environment in which it operates.

Cost audit and cost record - Its applicability and compliances

CS Shailesh Singh 12 March 2022 at 15:42

Cost audit is the independent audit of cost records maintained by companies. The concept of cost audit was introduced in 1965 when Companies Act, 1956 was amended to incorporate the provisions relating to the maintenance of cost accounting records and cost audit.

Supreme Court lays down guidelines for operation & safety of locker

FCS Deepak Pratap Singh 12 March 2022 at 09:00

A customer for security of his /her valuables approaches the banks and ask for safe deposit lockers. It is duty of the banks same as bailee to provide security and safety to the valuables kept in safety lockers of their customers.

Whether statement in proposal form amounts to a warranty or is merely descriptive of the risk insured?

FCS Deepak Pratap Singh 11 March 2022 at 09:03

A Proposal form is the most essential and fundamental document required for an insurance contract between a prospective customer and the insurance company. It includes the customer’s necessary information like name, address, age, education, occupation etc. It can also include the person’s medical history.