Articles by Durga Rao

CLB granting injunctions under section 397/398?

Posted by Durga Rao 14 July 2011 11262 Views

Section 397/398 of the Companies Act, 1956 guarantees a right to the minority to approach the Company Law Board or the Tribunal seeking preventive and some remedial measures against the majority in the Company when there is an Oppression an

Introspection & Positive thinking?

Posted by Durga Rao 21 June 2011 13851 Views

I have observed my friends in Law College and I am still in touch with many of them. As I like and respect education and talent, whenever time permits, I used to discuss with students and wants to know his planning and thoughts. When I realize th

A Student can think more?

Posted by Durga Rao 20 June 2011 19609 Views

Many a students pursuing professional courses like CA and CS focus on their syllabus, revision and the focus remains on completing the course. These students feel that they are secured once they complete their course and there can be exceptions.

My dear friends "nothing is impossible"

Posted by Durga Rao 26 March 2011 19015 Views

All appreciation to the students and professionals advising younger generation; professionals though their writing and useful discussion

Judgments - Writing & Understanding?

Posted by Durga Rao 11 March 2011 11702 Views

Students of Law, CA and CS and the professionals alike study and discuss the judgments of Courts of Law regularly. If the legal professionals study the latest cases of Constitutional Courts especially Supreme Court in relation his brief, the Chart

CLB: Procedure before CLB under section 397/398?

Posted by Durga Rao 01 March 2011 13342 Views

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

CLB's power to set-aside Agreements/Contracts under section

Posted by Durga Rao 21 February 2011 5473 Views

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?

Posted by Durga Rao 15 February 2011 10325 Views

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?

Posted by Durga Rao 07 February 2011 11122 Views

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

Directors' responsibility, disputes and remedies?

Posted by Durga Rao 31 January 2011 13640 Views

As the shareholders of a Company can not meet so often to take decisions on day-to-day functions of the Company, directors are elected by the shareholders in accordance with the provisions of the Companies Act, 1956. Ultimate control over the dire