Time Limit for allotment of securities under the new Companies Act, 2013

As per Section 23 of the new Companies Act, 2013, a public or private company may issue securities in any of the following manner: Public Company To public through issue of Prospectus Private Placement Rights Issue or a Bonus Issue Private Company Rights or Bonus Issue Private placement Private Placement vis-a-vis Preferential Allotment Section 42…

Company Incorporation

Indian Case Laws, also helps you to incorporate companies under the new Companies Act, 2013. We take care of all the necessary steps starting from name approval to filing of all the MCA Forms, obtaining PAN, DIN (Director Identification Number), DSC etc. Our well qualified practicing Company Secretary (CS) is here to make sure that…

Shri V.S. Krishnan & Ors vs M/S Westfort Hi-Tech Hospital

Shri V.S. Krishnan & Ors vs M/S Westfort Hi-Tech Hospital (2008) FACTS: Appellants Shri V.S. Krishnan and five others filed Company Petition before CLB under Sections 397 and 398 read with Sections 402, 403 and Schedule XI. According to the petitioners, they were collectively holding in excess of 1/10th of the issued share capital of…

(Firm) Pars Ram-Brij Kishore v. Jagraon Trading Syndicate, Ltd.

(Firm) Pars Ram-Brij Kishore v. Jagraon Trading Syndicate, Ltd. FACTS  A petition was pub in by the liquidator of the Jagraon Trading Syndicate, Ltd., under Sections 187, 156 and 225, Companies Act, for a payment order against Rai Sahib L. Pars Ram Brij Kishore as a contributory of the Company for certain sum and interest…

Progress Property Co Ltd vs. Moorgarth Group Ltd

Progress Property Co Ltd vs. Moorgarth Group Ltd. This case was Before Lord Phillips, President, Lord Walker, Lord Mance, Lord Collins, Lord Clarke and the judgement  was given on 8 December 2010, referring to the common law prohibition on the unlawful distribution of capital by a company through, inter alia, the sale of its assets…

Makhan Lal Jain and Anr. v. The Amrit Banaspati Co. Ltd. and Ors.

Makhan Lal Jain and Anr. v. The Amrit Banaspati Co. Ltd. and Ors. AIR 1953 All 326 Facts: The petitioners are two share-holders in the Amrit Banaspati Company Limited. They have made various allegations of mismanagement and foul play against the company, its Directors and Managing Agents. It is contended on behalf of the opposite…

A.K.G. Acoustics (India) Ltd. v. Company Law Board (CLB)

A.K.G. Acoustics (India) Ltd. v. Company Law Board 70 (1997) DLT 767 Facts In order to optimise the efficiency of the appellant Company and to economize on revenue expenses the appellant Company called an Extraordinary General Meeting to pass a Special Resolution to shift the registered office of the appellant Company from its location at…