Corporate Law Articles

Directors' responsibility, disputes and remedies?

Posted by Durga Rao 31 January 2011 13635 Views

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

Construing 'consent' under section 399 of Companies Act?

Posted by Durga Rao 28 January 2011 10831 Views

Section 399 of Companies Act, 1956 deals with the issue of qualification to file an application under section 397/398 of Companies Act, 1956 seeking appropriate relief when there exists oppression and mismanagement in the Company. The qualificati

A to Z of Limited Liability Partnership

Posted by Member (Account Deleted) 19 January 2011 28054 Views

This article would throw light on procedural aspect of LLP right from the incorporation to winding up. A. INTRODUCTION The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle that prov

Winding up of companies

Posted by CA CMA CS Ram Pavan Kumar Melam 18 January 2011 284995 Views

MEANING OF WINDING UP Winding up or liquidation of a company represents the last stage in its life. It means a proceeding by which a company is dissolved. The assets of the company are disposed of, the debts are paid off out of the realised asse

Ascertaining 'Oppression' under section 397 of Companies Act

Posted by Durga Rao 18 January 2011 14142 Views

The study of various judgments of High Court and Supreme Court under section 397/398 of Companies Act, 1956 speak volumes about the complications in dealing with the cases of oppression and mismanagement under section 397/398 of Comp

How to look at the issue of 'membership' under section 399?

Posted by Durga Rao 17 January 2011 5778 Views

S ection 397/398 of the Companies Act, 1956 provides a relief to the minority against the majority if the majority indulges in the oppressive acts and the acts of mismanagement. It is not that every shareholder can avail the remedy available un

Petition under Section 397/398 - Importance of Prayer?

Posted by Durga Rao 15 January 2011 10597 Views

Every one knows the object of section 397/398 of the Companies Act, 1956 and it is to bring an end to the matters complained of and to regulate the affairs of the Company in future. A great responsibility is cast on the Company Law Board under se

Frequently asked questions on Easy Exit Scheme (EES) - 2011

Posted by RAJAS 12 January 2011 24913 Views

Introduction : In Indian corporate scenario it is observed that many a time promoters register their companies under the Companies Act, 1956, but could not turn their corporate venture operative due to various reasons. The readers may be aware tha