INTRODUCTION Liberalization is sparkling in India like a rising star as evidenced from many of the foreign investment deals which are on the verge of finalization. As per the circular issued by the government of India in the year 2012, a total 49% equity investment could be made by a foreign investor in aviation industry …
This article is an attempt at analyzing the issue of shares by companies with differential rights as to voting, dividend etc., Introduction: The Companies Act, 1956 (hereinafter referred to as the “Act”) was amended in the year 2000, with effect from 13.12.2000, whereby issuance of shares with differential voting rights (“DVR’s”) was introduced by inserting Section …
Issue of Share Capital with Differential Voting Rights Read More »
[vc_row][vc_column][vc_column_text]INTRODUCTION In this developing era, development is not cynical but institutionalizing the path for development is arduous, climbing only the first stair is cumbersome because the other stairs will automatically show its way. As an already running company does not have much difficulty to touch the sky of pinnacle but laying down the foundation for …
In the earlier issue we have discussed about Section 10 of the Companies Act and in the present issue also we shall proceed with the same section which deals with the Jurisdiction of Courts. Query # 1 In case of offense punishable under section 113 of the Companies Act, 1956, whether cause of action would …
Writ Petition No: 2519 of 2012 Decided on: 05/04/2013 Companies Act, 1956 – Section 20 and 22 – incorporation of companies with identical names – later company directed to change its name merely on the ground that names are identical – whether tenable- Held, No. Brief Facts: Petitioner Company: VOV Cosmetics Pvt Ltd, incorporated on …
VOV COSMETICS PVT LTD & ORS V/s UNION OF INDIA & ORS [BOM] Read More »
Dear all, The monsoon season has begun with extreme rainfall that triggered devastating floods and landslides in Uttarakhand. This has taken away thousands of innocent lives and washed away properties rendering people homeless and destitute. Paying tribute to the lost lives due to this calamity let us pray to Almighty to give strength and courage …
[vc_row][vc_column][vc_column_text]Introduction: The Securities Contracts (Regulation) Act, 1956 “Act” was enacted in order to prevent undesirable transactions in securities and to regulate the working of stock exchanges in the country. The provision of the Act came into force with effect from 20th February, 1957 vide Notification No. SRO 528 dated 16th February, 1957. Definitions: Stock exchange …
Master Circular on Foreign Investment in India RBI has vide its circular : RBI/2013-14/15 Master Circular No.15 /2013-14 dated 1st July, 2013 released the Master circular on Foreign Investment in India. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The Master Circular also covers the area …
Clarification on SEBI’s Circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed Companies.” SEBI has vide circular no. CIR/CFD/DIL/9/2013 dated June 5, 2013, given clarification with regard to restatement of books of accounts of listed companies. The main concern raised is whether the restatement of books of …
Every type of company, must once in a year hold an annual general meeting as per Section 166 of the Companies Act, 1956. Not more than 15 months must elapse between the date of one annual general meeting and that of the next. However, a company may hold its first annual general meeting within 18 …
Annual General Meeting and Consequences of Default in holding Annual General Meeting Read More »
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