Corporate Law Articles

Right To Inspect Members Register, Annual Returns Etc

G S Rao 02 May 2012 at 11:29

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S

'Tenancy Rights' and action under SARFAESI Act, 2002?

Durga Rao 02 May 2012 at 11:22

Banks used to take advantage of the provisions of SARFAESI Act, 2002 earlier in taking possession of the secured asset even when the tenant was in possession of the property. Absolutely, there is no difficulty in taking the possessio

Institutional Placement Programme (IPP)

Victor J uruvath 02 May 2012 at 11:21

Foreword The article intends to study the provisions of Institutional Placement Programme (IPP) - a recently introduced mode of raising additional capital, in order to comply with minimum public shareholding

How to face Inspection u/s 209-A of the Companies Act,1956?

G S Rao 28 April 2012 at 11:20

Introduction I am overwhelmed by the response of the readers to my previous articles on Inspection and Investigation. It motivated me to continue the series. I felt that it would be more appropriate, if I cover the preparatory steps to face inspec

Sick companies - The Companies Bill 2011

Victor J uruvath 25 April 2012 at 11:48

Our existing companies act 1956 was enacted based upon the recommendations of the Bhabha committee with an object to amend and consolidate the law relating to companies and certain other associations. The Com

Foreign Exchange Management Act, 1999 (FEMA): Basic Understanding

Ajay Mishra 25 April 2012 at 11:48

INTRODUCTION A system of exchange control was first time introduced through a series of rules under the Defense of India Act, 1939 on temporary basis. The foreign crises persist

Critical issues under SARFAESI Act, 2002?

Durga Rao 23 April 2012 at 11:30

It is always welcome to enable the Banks to recover their dues using the provisions of SARFAESI Act, 2002. It is known that it is very difficult for the Banks to approach Civil Court asking for a decree and getting that decree executed. With the i

The Companies Bill, 2011 - Welcome Reforms for Independent Directors

Victor J uruvath 23 April 2012 at 11:29

Introduction When we hear that an individual is appointed as an Executive Director of a company, we know that his duties include fiduciary duties, statutory duties and duty

Holding of Annual General Meeting beyond Prescribed Time

Dilip K Raina 17 April 2012 at 11:28

Section 166 of the Companies Act 1956: As per the requirements of Section 166 of the Companies Act 1956 every company whether a public company or private company is required to hold in addition to other meetings a meeting of its members annually c

Investigative Audit by CLB under section 397/398?

Durga Rao 17 April 2012 at 11:28

Shareholders qualifying under section 399 of Companies Act, 1956 can approach the Company Law Board under section 397/398 seeking preventive and remedial measures against the oppression and mis-management in the Company. Though, section 397/398 i