Corporate Law Articles

Managerial Remuneration

G S Rao 21 March 2011 at 11:55

Managerial Remuneration The General Circular No. 4/2011 Dated:- 4th March, 2011 issued by Ministry of Corporate Affairs is welcome. Some grey areas in the provisions of Section 309 and Section 198 will now stand clarified with this circular. For the

Are Independent Directors, Independent?

CS Ankur Srivastava 15 March 2011 at 11:11

The Concept of independent director was introduced in the year 1999 on the recommendations of Kumar Mangalam Birla Committee.

Practical Aspects on Listing Agreement

CS Ankur Srivastava 10 March 2011 at 11:05

When the shares of the Company are listed on any Stock Exchange. The basic document which is executed between Company and that Stock Exchange is the Listing Agreement.

Corporate Restructuring - A Phenomenon

CMA. CS. Sanjay Gupta 08 March 2011 at 10:55

Corporate Restructuring means rearranging the business of a company for increasing its efficiency and profitability. It is tool to catapult value to the organization as well as to the investors.

CLB: Procedure before CLB under section 397/398?

Durga Rao 01 March 2011 at 22:49

There was a specific objective behind section 397/398 of the Companies Act, 1956 and a great responsibility is cast upon the Company Law Board to protect the interests of the minority shareholders, to put an end to the matters complained of and to

Cental Government grants general exemption u/s 212 & 211

Aditi Jhunjhunwala 01 March 2011 at 22:47

Notification no. 2/2011 dated 8th February, 2011 issued by the Ministry of Corporate Affairs has granted general exemption to companies from sec 212 and sec 211 The general exemption comes at quite a handy time as the financial year is coming to a

CLB's power to set-aside Agreements/Contracts under section

Durga Rao 21 February 2011 at 12:25

There can be disputes between majority group and minority shareholders in any Company and these disputes come very frequently in closely held companies or Private Limited Companies. The Companies Act, 1956 provides certain rights to the shareholde

CLB's power and responsibility under section 402?

Durga Rao 15 February 2011 at 14:14

CLBs responsibility to supervise the Company affairs even after passing final orders in a petition under section 397/398? In any litigation, the Court or the authority adjudicating the matter can pass interim orders and the matter will get

Books of Account - allegations of mismanagement?

Durga Rao 07 February 2011 at 11:13

Despite the clear regulations in the Companies Act, 1956 as to how every Company should record its transactions, maintain books of account and should submit the approved Financial Statements with the ROC, financial transactions in some closely hel

Directors' responsibility, disputes and remedies?

Durga Rao 31 January 2011 at 10:38

As the shareholders of a Company can not meet so often to take decisions on day-to-day functions of the Company, directors are elected by the shareholders in accordance with the provisions of the Companies Act, 1956. Ultimate control over the dire