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Companies Act 1956

rouse avenue court, delhi
Case BriefsDistrict Court

Delhi Court acquits AES Chhattisgarh Energy and Director accused in Sayang Coal Block allocation scam

The AES Chhattisgarh Energy and Director were accused of cheating the Ministry of Coal by misrepresenting the fact that they were subsidiary company of AES Corporation, USA.

Published on December 23, 2023December 23, 2023By Deeksha
Leave a comment1937 views
riico
Case BriefsSupreme Court

RIICO not a statutory body but a Company brought into being under the Companies Act, 1956 by State of Rajasthan: SC

The Supreme Court further held that when the actions of a Committee constituted by Cabinet are validated by the Council of Ministers and the rest of the Council, it ensures that the Rules of Business were followed by the State Government in the course of decision-making process.

Published on June 15, 2023June 16, 2023By Editor_4
Leave a comment3775 views
Madhya Pradesh High Court
Case BriefsHigh Courts

[Harmonious Construction] Section 529A of Companies Act, 1956 would prevail over Income Tax Act, 1961: Madhya Pradesh High Court

“…the Act of 1956 is a special Act which govern the law regarding companies only whereas IT Act is a general Act which percolates in just about every sphere of life and is applicable to all the citizen of India when it comes to payment of Income Tax.”

Published on May 9, 2023May 9, 2023By Ritu
Leave a comment2934 views
Case BriefsSupreme Court

Rectificatory jurisdiction under Section 111A of the Companies Act, 1956 cannot be invoked for violation of SEBI Regulations: Supreme Court 

The Supreme Court observed that the important role of the Regulator cannot be circumvented by simply asking for rectification under Section 111A of the Companies Act, 1956.

Published on January 10, 2023January 10, 2023By Prachi Bhardwaj
Leave a comment3104 views
Case BriefsSupreme Court

Not just the petitioning creditor but ‘any’ creditor can initiate transfer of winding up proceedings from a Company Court to NCLT; holds SC

Proceedings for winding up of a company are proceedings in rem to which the entire body of creditors is a party, hence, by a deeming fiction the petition by even a single creditor is treated as a joint petition.

Published on November 19, 2020December 7, 2020By Prachi Bhardwaj
Leave a comment4079 views

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