Month: July 2012

Registrar of Companies & ORS vs. Dharmendra Kumar Garg & ANR (DEL)

Case/Question decided: Pursuant to Right to Information Act, Mr. X  approached Registrar of Companies (ROC), requesting him to provide some information/documents maintained by them under Section 610 of the Companies Act 1956. The ROC officials  replied to Mr. X that the required information is available in the public domain (namely on MCA website) and even …

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The Micro, Small And Medium Enterprises Development Act, (MSMED) 2006 – A Law With Large Impact

[vc_row][vc_column][vc_column_text] What are Micro, Small & Medium Enterprises? Micro, Small & Medium Enterprises often abbreviated as MSME, are small-sized business enterprises defined in terms of their investment. According to the provisions of Micro, Small & Medium Enterprises Development  (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified into two classes. Manufacturing Enterprises …

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Dr.Terence Nazareth Vs. CPIO, SEBI, Mumbai

Case/Question decided: If a Public Authority like SEBI receives any document/information during the course of its statutory duties, can they be considered to be received in “fiduciary relationship” and can it be treated to be the information exempted under Section 8(1)(e) of the Right to Information Act 2005, which entitles the Public Authority to deny …

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Nivedita Sharma vs Ministry Of Corporate Affairs & Ors – decided by Delhi High Court on 20th April, 2012.

The petitioner (Nivedita Sharma) was allotted 5(five) ICICI bonds on 15.7.1996 at a price of Rs.5200/- each bearing the face value of Rs. 2,00,000/- each, consisting of an option for premature redemption and with surrender date of 15.7.2021. The petitioner on 2nd March, 2009 wrote to the ICICI for redemption of her bonds. But ICICI …

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Compliance calendar for Listed Companies for the Quarter ending 30th June, 2012

Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2012 S.No Activities Clause/ Regula-tion No. Agreement/ Regulation etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th  July 2. Shareholding Pattern Clause 35 Listing Agreement 21st July 3. Intimation for holding of Board Meeting for considering the …

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Legal Jargon

Bonafide: Meaning : in good faith Example : All the Directors must act bonafide for the benefit of the company as whole. Pronunciation : Bo-na-fi-de   Ceteris paribus: Meaning : all other things being equal. Example : When a demand for certain product is more than supply ‘ceteris paribus‘ price of that product will rise. …

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