Convening of Extra Ordinary General Meeting of the Company by the Members for Removal of Director and Appointment of other Director in his place. 1. Relevant Sections- Section 169, Section 152, Section 100, Section 115 of the Companies Act, 2013. 2. To Remove Director suo-moto by the shareholders Section 169 of the Companies Act, 2013 […]
SCORES is an online platform designed to help investors to lodge their complaints,pertaining to securities market, online with SEBI against listed companies and SEBI registered intermediaries. All complaints received by SEBI against listed companies and SEBI registered intermediaries are dealt through SCORES. All About SCORES All about SCORES Matters not consider Complaints Complaint not pertaining […]
Analysis of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 i.e. IBC (Amendment) Ordinance, 2020 Reasons of Amendment: 1. The entire ecosystem for implementation of the Insolvency and Bankruptcy Code is in Place, 2. The Provisions relating to corporate insolvency resolution process and liquidation process for corporate person under the code are in operation, 3. Covid-19 […]
Amendment of Pleading ⇓ As per Order VI of Rule 17 of CPC, 1908 What is pleading? 1. Pleadings have been defined under Order 6 Rule 1 of CPC which states that Pleading shall be Plaint or Written Statements. 2. Plaint is the statements filed by the Plaintiff in a Civil Court to prove his […]
Companies Fresh Start Scheme, 2020 Relevant Date ⇒ MCA Circular dated 30.03.2020 Enforceability ⇒ w.e.f 01.04.2020 till 30.09.2020 Purpose of the Circular Relevant Section ⇒ Section 403 & 460 of CA, 2013 1. To give opportunity to the defaulting Companies and to enable them to file the belated documents in the MCA-2 1 registry, 2. […]
Order 1 Rule 10 of Civil Procedure Code, 1908 Suit in the Name of wrong plaintiff The general rule in regard to prosecution of parties is that the plaintiff in a suit, be dominus litis, may choose the persons against whom he wishes to litigate and cannot be compelled to sue a person against whom […]
1. The principle of res judicata is based on the need of giving a finality to judicial decisions. 2. What it says is that once a res is judicata, it shall not be adjudged Primarily it applies as between past litigation and future litigation.
MSME definitions revised further to include firm with upto Rs. 250 Crore Turnover Highlights: 1. As per new definitions, a firm with up to Rs. 50 Cr. investments and upto Rs. 250 crore is classified as a medium enterprise. 2. Union cabinet has approved further changes to definitions of MICRO, SMALL & MEDIUM enterprises, a […]
Relevant Provisions: Section 35A of the Banking Regulations Act, 1934, where the RBI has the power to issue any direction. Applicability: The provisions of these Directions shall apply to all the Private Banks licensed by the RBI to operate in India. Private Sector Banks: Means Banks licensed to operate in India under the Banking Regulations […]
Introduction: 1. Arbitration has become exceptionally strong and widely accepted as a means of resolving disputes. ‘ 2. Exactly how widely accepted is probably impossible to know, but some commentators have suggested that a figure as high as 90% of all international contracts are governed by an arbitration clause. 3. Rapid globalization has meant a […]
