In the earlier issue, we discussed on Section 5 of the Companies Act, 1956 and we shall continue with the same section of the Companies Act, 1956 in this issue also. Query No 1: For offenses committed prior to the appointment of petitioner as Managing Director, can a Managing Director be held as an […]
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.
In the earlier issue we discussed on Section 2(30) of the Companies Act, 1956 and in the present issue we shall proceed with Section 4 of the Companies Act, 1956. Query No 1: Can a Subsidiary Company always be treated as an asset of holding Company? Decided Case Law. Free Wheel (India) Limited Vs Dr
We have been deliberating on Section 2(30) of the Companies Act, 1956. In the earlier issue, we concluded that the “Liquidator” of the Company can be considered as the officer of the Company as per the said Section. We shall now discuss if the Liquidator can be treated as the ‘Principal Officer’ under the Income
In the previous issue we have been discussing regarding the Section 2(30) of the Companies Act 1956, we shall continue to deal with the same Section in this issue also. Section 2(30) reads as under: “Officer includes any Director, Manager or Secretary or any person in accordance with whose directions or instructions the Board of
The intention behind including this new corner in our news letter is keeping in view our professional colleagues and also other stakeholders who work on company law related matters. Being CS professionals all of us know the importance of interpretation of law/statue and especially Company/Corporate law which is treated as Holy Bible by all of