Prima facie: Meaning: At first sight. A prima facie case is one which, at first sight, seems to support the allegation or claim made. Example:If a prima facie case is not made out in the early stages of proceedings, the other side may apply to the court to dismiss the action without hearing the rest […]
Introduction Prior to the amendment of the Companies Act, 1956, buyback of securities in India was prohibited. Section 77 of the Act, imposed a blanket ban on companies from buying their own securities. The concept of buy-back of securities was introduced in the Companies Act, 1956 by the Companies (Amendment) Act, 1999 by the insertion
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M/S. RAJESH AND CO (Petitioner firm) Vs. RAVISSANT PVT LTD (Respondent Company) decided on 24/02/2012 Brief facts: The facts as stated in the petition are that the petitioner firm had been supplying fabric to the respondent company on regular basis from 1996 onwards and as per the reconciliation of accounts for the period from 1st
The Respondent is a Public Limited Company incorporated under the Companies Act, 1956 on 05th July, 1951. The Shareholding pattern of the Respondent Company is reflected below : M/s. Reckitt Benckiser Plc (Holding Company) – 63.87 % , M/s. Lancaster Square Holdings SL – 36.20 % , Public holding including appellant holdings – 0.11%. Valuation
Name availability Guidelines, 2011 – The ministry has re-examined the matter regarding availability of name by the system online through STP mode and has brought about some changes wherein the names approved through STP mode on certification of Professional will be put to online check and be transferred for processing in non-STP mode in any of the
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Jiyuan LI V. Registrar Of Companies & Tianjin Tianshi India Pvt Ltd V. Registrar Of Companies Breif Facts: The Registrar of Companies (ROC) received a complaint regarding the affairs of M/s. Tianjin Tianshi India Pvt Ltd (Company) being irregular and illegal. A letter dated 24.02.2004 was issued by the ROC to the company to enquire
1. External Commercial Borrowings (ECB) for Civil Aviation Sector: RBI vide A. P. (DIR Series) Circular No. 113 dated 24th April, 2012 has notified that as per the extant guidelines, availing of ECB for working capital is not a permissible end-use for civil aviation sector. RBI has reviewed the policy related to ECB and keeping in
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De novo: Meaning: anew. Used to refer to a trial which begins all over again, as if any previous partial or complete hearing had not occurred. Example: A District Court appeal is heard by the Circuit Court de novo, with the court considering afresh all the law and facts. Pronunciation: de-novo Lis pendens: Meaning: