Corporate Law Articles

Banks going back from 'Settlement of Default/Debt'?

Durga Rao 30 August 2012 at 12:43

It is known that while some loan transactions with the Bank like Housing Loan, Educational Loan etc. are very simple, some commercial loan transactions are very complex in nature. The Bank may provide various loan facilities to the Borrower and mo

Change in Filling Form 23B : An Overview

CA Prashant Gupta 23 July 2012 at 12:07

Every statutory auditor appointed by the company in the Annual General Meeting under section 224(1) of the Companies Act, 1956 in form 23B has to intimate whether he has accepted the appointment or not to the concerned Registrar of Companies, with

Compulsions to form a 'Company', Sec 11, Companies Act

Venkateswara Rao Sapare 19 July 2012 at 11:38

Why to form Company, when there are other Business Structures (for profit) available: Sole Proprietorship (Business Structure for Profit) Part

Petition u/s 397/398 - Subsequent events - Scope?

Durga Rao 17 July 2012 at 12:31

Section 397/398 of the Companies Act, 1956 provides relief to the minority shareholders against the oppressive actions of the majority and the mis-management in the company. Section 399 of the Companies Act, 1956 deals with the issue as to who can

Managing Director - An Overview

CMA. CS. Sanjay Gupta 12 July 2012 at 11:46

Managing Director An Overview Definition of Managing Director According to the definition given in Section 2(26) of the Companies Act, 1956:- "Managing Director" means a director who, by virtue of an agreement wit

New Takeover Code: Disclosure Requirement

CS Ankur Srivastava 10 July 2012 at 12:54

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 Gist of: Acquisition of Shares and Disclosure Requirement Substantial Acquisition of Shares, Voting Rights or Control Acquisition: Acqu

Passing of Board Resolution by Circulation [Section 289]

CMA. CS. Sanjay Gupta 04 July 2012 at 11:49

No resolution shall be deemed to have been duly passed by the Board or by a committee thereof by circulation, unless the resolution has been circulated in draft, together with the necessar

Performance of Indian Boards

Sonia Jaspal 26 June 2012 at 11:12

The board of directors have the responsibility for steering the organization in the right direction and guiding the CEO and senior management. However, worldwide they are lambasted for catering to the manifested interest of CEO and senior manageme

Closing a Company

Priyanka 25 June 2012 at 12:04

A company may wind up its affairs in two ways:- Fast Track Exit Voluntary Winding Up

Critical study of Disclosure of Interest by a Director u/s 299 of Companies Act

G S Rao 14 June 2012 at 11:39

Introduction: Directors are appointed by the shareholders of the company and they are trustees of shareholders. As such they are in a fiduciary position and can not