Corporate Law Judgements

COMPANIES ACT, 1956: ss. 397 and 398 - Allegations of oppression and mismanagement, illegal allotment of equity shares resulting in conversion of majority shareholding into minority shareholding, appointment of Additional Director and removal o

M/s. India Capacitors Ltd. (for short, the said Company), a company incorporated and registered under the Companies Act, 1956 (for short, the said Act), was directed by an Order of the learned Company Judge dated 23.10.1997 to be wound up and the Off

Section 457 of the Companies Act, 1956 - Winding up - Powers of liquidator - Applicant-company had rented plant and machinery to ‘O’ in connection with a project - On completion of project, applicant demanded plant and machinery but ‘O’ went into liq

Merger of authorized capitals of companies - Increase of authorized capital of the transferee company - Whether registration fees to be paid on the increased capital - Held, No.

Companies Act, 1956 - Section 633 - Power of the court to give relief against prosecution - minor defaults by the company-ROC sought to prosecute the highest ranking officers of the company- Whether relief could be granted to the officers of the comp

Section 529A, read with section 457 of Companies Act, 1956 - Overriding preferential payments - Applicants were secured creditors of respondent company which was ordered to be wound up - As ordered by Court, Official liquidator sold assets of company

Section 205A of the Companies Act, 1956 - Unpaid dividend to be transferred to special dividend account - Respondent filed a complaint under section 205A alleging that petitioner-company had declared dividend but did not transfer amount of dividends