Tag: Company Law
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Class Actions in the Companies Act, 2013: a Recipe for Confusion?
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Companies Act, 2013 Receives Presidential Assent
Although press reports indicated last week that the Companies Act, 2013 had received the assent of the President, the official confirmation is now available. The Gazette notification, which also carries the legislation as enacted, indicates that the Presidential assent was received on August 29, 2013. Currently, while the law has been enacted in its entirety,…
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Companies Bill Passed by the Rajya Sabha
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Directors’ Right to Information
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Petrodel v Prest: Lord Sumption’s Masterly Analysis of the Corporate Veil
When the history of the corporate veil is written, the year 2013 will perhaps be given as much prominence as the year 1897. Today, the UK Supreme Court allowed Mrs Prest’s appeal against the judgment of the Court of Appeal that seven properties in London owned by the Petrodel group of companies are not properties…
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Arbitration of Shareholder Disputes
In an article in the Financial Express, my colleague Debashish Sankhari and I have looked at whether disputes of oppression and mismanagement in relation to the affairs of a company can be adjudicated through arbitration. This is an important practical question for many a financial investor (and even a long-term strategic investor) who has agreed…
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Conflicts between Shareholders Agreements and Articles of a Company
96 800×600 Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:Verdana;} [The following post is contributed by Aditya Swarup, who is an advocate practising in the Bombay High Court. He has a B.A., LL.B (Hons.)…
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MCA Circular: Secured Corporate Debentures and Public Deposit Norms – Part 3
[The following is a guest post from Vinod Kothari and Nidhi Ladha of Vinod Kothari & Company. The authors can be contacted at vinod@vinodkothari.com and nidhiladha@vinodkothari.com respectively. This is the final post in the series. The first two posts can be accessed here and here] Other laws affecting debentures Following are the other guidelines, rules…
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MCA Circular: Secured Corporate Debentures and Public Deposit Norms – Part 2
[The following is a guest post from Vinod Kothari and Nidhi Ladha of Vinod Kothari & Company. The authors can be contacted at vinod@vinodkothari.com and nidhiladha@vinodkothari.com respectively. This is a continuation from the first post in the series that can be accessed here] Meaning of ‘mortgage of fixed assets’ The significant difference between mortgage and…
