Articles by Durga Rao

A Student can think more?

Durga Rao 20 June 2011 at 12:23

Many a students pursuing professional courses like CA and CS focus on their syllabus, revision and the focus remains on completing the course. These students feel that they are secured once they complete their course and there can be exceptions.

My dear friends "nothing is impossible"

Durga Rao 26 March 2011 at 18:32

All appreciation to the students and professionals advising younger generation; professionals though their writing and useful discussion

Judgments - Writing & Understanding?

Durga Rao 11 March 2011 at 12:56

Students of Law, CA and CS and the professionals alike study and discuss the judgments of Courts of Law regularly. If the legal professionals study the latest cases of Constitutional Courts especially Supreme Court in relation his brief, the Chart

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

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

Construing 'consent' under section 399 of Companies Act?

Durga Rao 28 January 2011 at 11:44

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

Ascertaining 'Oppression' under section 397 of Companies Act

Durga Rao 18 January 2011 at 11:05

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