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(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…

Indo Rolhard Industries Ltd. Vs. M.K. Mahajan & Anr.

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[2013] 178 CompCas 282 (Delhi) FACTS: A petition was filed by two shareholders for winding up of the appellant-company under section 433 of the Companies Act, 1956. The company court by the impugned order admitted the petition, directed the company to be wound up and, ordered the citation to be published in the “Statesman” (English)…

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

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Case List: Articles of Association vs. Shareholders Agreements – Which one prevails?

Case List: Articles of Association vs. Shareholders Agreements – Which one prevails?

ByVivek Kumar Verma

Section 36 of the Companies Act, 1956 makes the Memorandum and Articles of Company, when registered, binding not only on the company but also the members inter-se to the same extent as if they had been signed by the company and by each member and covenanted to by the company and each shareholder to observe…

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