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Notification No. G.S.R. 848(E), dated 15-10-2010

Notification No. G.S.R. 848(E) (15/10/2010)

It is also confirmed that the appointed director (s) whose particulars are given above, has given a declaration to the company that he/she has not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court....

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Companies (Director Identification Number) Rules 2006, (Amendment), 2010

Notification No. G.S.R. 849(E) (12/10/2010)

The principal rules were published tide number G.S.R. 649(E), dated the 19th October. 2006 and were last amended vide number (3.S.K. 765(E). dated 29th March, 7007....

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In case of disagreement by minority, remedy lies u/s 397 & 398 and not in Civil Court

Radhabari Tea Co. Pvt. Ltd. Vs. Mridul Kumar Bhattacharjee (Guwahati High Court)

Decision of a company has to rest on views of majority; in case of disagreement by the minority, remedy lies u/s 397 & 398 and not in Civil Court. When a case falls within four corners of section 397 and/or section 398, ordinary civil court's jurisdiction would stand barred to deal with such a dispute...

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Creation of NCLT and NCAT with power & jurisdiction of High Court not unconstitutional

Union of India Vs. R. Gandhi (Supreme Court of India)

These appeals arise from the order dated 30.3.2004 of the Madras High Court in WP No. 2198/2003 filed by the President of Madras Bar Association (MBA for short) challenging the constitutional validity of Chapters 1B and 1C of the Companies Act, 1956(`Act' for short) inserted by Companies (Second Amendment) Act 2002 (`Amendment Act' for sh...

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Breach of contract would not constitute ingredients of a complaint under sections 397,398, 402 & 403 of Companies Act, 1956

In cable Net (Andhra) Ltd. Vs. AP Aksh Broadband Ltd. (Supreme Court of India)

The Petitioners herein filed Company Petition No.69 of 2006 before the Additional Principal Bench of the Company Law Board at Chennai under Sections 397, 398, 402 and 403 of the Companies Act, 1956, alleging mismanagement and oppression by the majority shareholders of the first respondent Company. Various reliefs, including reconstitution...

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CII asks government to reconsider ‘Liability Clause’

Fearing that the government may soon make a company promoter liable for mistakes even though they are not actively a part of the board’s decision-making process, India Inc has asked the ministry of corporate affairs to reconsider the relevant proposa...

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Posted Under: Company Law |

Government may approach Supreme Court for permission to appoint RoC Chief

The Union ministry of corporate affairs is likely to approach the Supreme Court for permission to appoint a new central administrative head for offices of the registrar of companies (RoC) spread across the country. The move comes against the backdrop...

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Posted Under: Company Law |

MCA resists ordinance to amend Companies Act to meet deadline for implementation of IFRS

The ministry of corporate affairs (MCA) does not plan to push for an ordinance to ensure India meets the deadline on conforming to International Financial Reporting Standards (IFRS), reversing its earlier stance, according to two officials at the min...

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Posted Under: Company Law |

CBI files chargesheet against former CLB member

New Delhi, Oct 5 (PTI) The CBI has filed chargesheet against former member of Company Law Board R Vasudevan and five others for allegedly accepting a bribe of Rs seven lakh for giving a favourable order in a case being presided over by him....

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Posted Under: Company Law |

Notification No. S.O.2435(E), dated 6-10-2010

Notification No. S.O. 2435(E) (06/10/2010)

Section 205C of the Companies Act, 1956 - Establishment of Investor Education & Protection Fund - Constitution of a Committee in supersession of Notification No. S.O. 539(E), dated 25-2-2009. Notification No. S.O. 2435(E), dated 6-10-2010...

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Company Law News India

Corporate law also known as the company law is the study of how the directors, shareholders, creditors, employees and other participants in the community, consumers, and the environment work together with each other. Company law deals with organizations which are registered or incorporated under the Indian company law. The latest Companies Act is the Act which controls the incorporation of companies, responsibilities of companies, directors and laws relating to dissolution of any company. The newly constituted Companies Act 2013 is divided into twenty-nine chapters comprising 470 with 7 schedules. This Act replaced the previous Companies Act, 1956 on August 29th, 2013. The newly constituted Act came into action on September 12th, 2013 with number of changes.

At Taxguru, we provide all the latest news relating to company law in India. Our portal is designed for alerting you on all the latest developments in the company law. We provide all the key cases, help, and guidance on all facets of company law.

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