Corporate Law Articles

Office or Place of Profit?

Posted by G S Rao 23 May 2012 94046 Views

What is an office or Place of Profit? Introduction: The Companies Act, 1956 is one of the most voluminous Legislation. It contains 658 sections, 14 schedules and several forms for meeting the compliance. Although several Companies bills have bee

Right of members to Copies of Balance sheet, etc u/s 219

Posted by G S Rao 14 May 2012 140996 Views

Introduction Section 219 of the Companies Act, 1956 gives an important right, to members, trustees of debenture holders, certain other persons although they are not members, to receive copies of balance sheet and other documents legally required t

Right To Inspect Members Register, Annual Returns Etc

Posted by G S Rao 02 May 2012 76236 Views

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?

Posted by Durga Rao 02 May 2012 26083 Views

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)

Posted by Victor J uruvath 02 May 2012 52327 Views

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?

Posted by G S Rao 28 April 2012 20839 Views

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

Posted by Victor J uruvath 25 April 2012 63309 Views

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

Posted by Ajay Mishra 25 April 2012 392007 Views

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?

Posted by Durga Rao 23 April 2012 42585 Views

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

Posted by Victor J uruvath 23 April 2012 17873 Views

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