C.P. No. 612 of 2012 Decided on : 04/01/2013 Companies Act 1956 – Section 433 – Winding up – disputes over unpaid rent – time of handing over possession of premises highly disputed whether petition to be admitted – Held, No. Brief facts : The Petitioner gave on rent the ground floor of the property …
PLD INTERNATIONAL PVT LTD V. REEBOK INDIA COMPANY (DEL) Read More »
C.A. No. 2386 of 2012 in C.P. No. 179 of 1994 Decided on: 11/12/2012 Companies Act: Sections 454(5), 468, 477, 481 -Company under Liquidation -Official Liquidator(OL) Could not take possession of any moveable and immovable assets of the Company – no other assets available for realization – whether the company should be dissolved and liquidation …
SHRI RAM BEARING LTD V. TRISHAKTI ELECTRONICS P. LTD (DEL) Read More »
India has been traditionally vulnerable to natural disasters on account of its unique geo-climatic conditions. Floods, droughts, cyclones, earthquakes and landslides have been a recurrent phenomena. Being highly vulnerable to natural disaster, 25 states out of a total of 35 states/UTs in India are considered disaster prone. 68% of Indian land is draught prone, 12% …
Word: “Res Judicata n. Latin, the thing has been judged.” Meaning: An issue that is before a court, has already been decided by another court, between the same parties. Therefore, it will be dismissed by the current court. Example:Andhra Pradesh High Court determines that John is the father of Betty’s child. John cannot raise the …
External Commercial Borrowings (ECB) is an instrument used in India to facilitate the access to foreign money by Indian Corporates. ECB refer to commercial loans in the form of bank loans, buyers’ credit, suppliers’ credit, securitized instruments (e.g. floating rate notes and fixed rate bonds, non-convertible, optionally convertible or partially convertible preference shares) availed of …
In the earlier issue we discussed on Section 4 of the Companies Act, 1956 and in the present issue we shall proceed with Section 5 of the Companies Act which deals with Officer who is in default. Query No 1: When will the criminal liability of the ordinary directors arise? Decided Case law : Smt. …
LABOUR LAW & OTHER COMPLIANCE’S FOR THE MONTH OF MARCH 2013 S. No Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thMarch,2013 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5thMarch,2013 3 Tax Deducted at Source Payment Challan …
Dear Friends, In-spite of so claimed tightening of securities against terrorism, the terrorist have always succeeded with their terror attacks claiming the lives of the innocent people. The serial bomb blasts in Hyderabad recently has made me think in perspective into the values of mankind and it has become imperative to put my feelings in …
Guidelines for Enabling Partial Two-Way Fungibility of Indian Depository Receipts (IDRs) : SEBI has in order to encourage more number of foreign companies to issue IDRs in the Indian market and also to enable the investors to take informed investment decision, decided to provide a detailed roadmap and guidelines for the future IDR issuances as …
Foreign Exchange Management Act,1999 – Import of precious and semi precious stones- Clarification The Reserve Bank of India (hereinafter referred to as “RBI”) has vide notification RBI/2012-13/418 A.P. (DIR Series) Circular No.83 dated 20th Feb, 2013 clarified that AD Category – I banks which are permitted to approve Suppliers and Buyers Credit including the Usance …
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