Company Law

National Company Law Tribunal (NCLT)

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Companies in India. The National Company Law Tribunal was formed or established under the Companies Act, 2013 which was constituted with effect from 1st June, 2016. The Ministry of Corporate Affairs (Central Government) constituted National Company Law Tribunal (NCLT) and National… Read More

Tags: Company LawNational Company Law Tribunal

Bonus Shares – A Shareholders’ Delight

Karan Singh Sahi, ACS[1] Introduction One thing which every shareholder across various Companies would dream for is receipt of Bonus shares. The word “Bonus” has a very positive connotation, implying something extra or some gains at no cost.  Issue of bonus shares is the most popular way by which companies like to utilize their large accumulated… Read More

Tags: Bonus shareCompany Law

Lifting of Corporate Veil with reference to Leading Cases

COMPANY LAW LIFTING OF CORPORATE VEIL WITH REFERENCE TO LEADING CASE Shagun Singh 15.04.2013  NATIONAL UNIVERSITY OF RESEARCH AND STUDY IN LAW 2013 INTRODUCTION Corporate personality has been described as the ˜most pervading of the fundamental principles of company law[1]. It constitutes the bedrock principle upon which company is regarded as an entity distinct from… Read More

Tags: BusinessCompanies Act 1956Company LawFraudHobart BridgeHouse of LordsLifting of corporate veilMisrepresentationPiercing Corporate VeilSalomonSalomon & CoSalomon v A Salomon & Co LtdSeparate Legal Entityundercapitalization

Corporate Insolvency under SARFAESI

A reasonable person acquainted with the business world would concur with me if I say that it is almost impossible to conceive of a business that is completely insolvency-free. Laws relating to corporate insolvency and restructuring were enacted to serve several objectives, namely, to restore the debtor company to profitable trading where this is practicable;… Read More

Tags: Central bankCompanies ActCompany LawDebtorfinanceFinancial servicesIndian Contract Act 1872InsolvencyMerchant Shipping ActNon-performing assetReconstruction of Financial AssetsRestructuringSARFAESISecured creditorSecuritisationSecurity interestSpecial purpose entity

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