Corporate Law Articles
Fiduciary
Fiduciary The term fiduciary that a person who is responsible for the administration of property owned by others. A fiduciary duty is a legal or ethical relationship of confidence or trust between two or more parties, most commonly a fiducia
Managerial Remuneration
Managerial Remuneration The General Circular No. 4/2011 Dated:- 4th March, 2011 issued by Ministry of Corporate Affairs is welcome. Some grey areas in the provisions of Section 309 and Section 198 will now stand clarified with this circular. For the
Are Independent Directors, Independent?
The Concept of independent director was introduced in the year 1999 on the recommendations of Kumar Mangalam Birla Committee.
Practical Aspects on Listing Agreement
When the shares of the Company are listed on any Stock Exchange. The basic document which is executed between Company and that Stock Exchange is the Listing Agreement.
Corporate Restructuring - A Phenomenon
Corporate Restructuring means rearranging the business of a company for increasing its efficiency and profitability. It is tool to catapult value to the organization as well as to the investors.
CLB: Procedure before CLB under section 397/398?
There was a specific objective behind section 397/398 of the Companies Act, 1956 and a great responsibility is cast upon the Company Law Board to protect the interests of the minority shareholders, to put an end to the matters complained of and to
Cental Government grants general exemption u/s 212 & 211
Notification no. 2/2011 dated 8th February, 2011 issued by the Ministry of Corporate Affairs has granted general exemption to companies from sec 212 and sec 211 The general exemption comes at quite a handy time as the financial year is coming to a
CLB's power to set-aside Agreements/Contracts under section
There can be disputes between majority group and minority shareholders in any Company and these disputes come very frequently in closely held companies or Private Limited Companies. The Companies Act, 1956 provides certain rights to the shareholde
CLB's power and responsibility under section 402?
CLBs responsibility to supervise the Company affairs even after passing final orders in a petition under section 397/398? In any litigation, the Court or the authority adjudicating the matter can pass interim orders and the matter will get
Books of Account - allegations of mismanagement?
Despite the clear regulations in the Companies Act, 1956 as to how every Company should record its transactions, maintain books of account and should submit the approved Financial Statements with the ROC, financial transactions in some closely hel
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