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

ByVivek Kumar Verma

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…

Do Directors Owe Fiduciary Duty to Shareholders?

Do Directors Owe Fiduciary Duty to Shareholders?

ByVivek Kumar Verma

Scope and Definition of ‘fiduciary’, “fiduciary capacity” and “fiduciary relationship” The Hon’ble Supreme Court in Sri Marcel Martins vs. M. Printer and Ors.[1] defined the term ‘fiduciary’ as- “The word ‘fiduciary’, as a noun, means one who holds a thing in trust for another, a trustee, a person holding the character of a trustee, or…

Documentation Required for Setting-up Angel Funds

ByVivek Kumar Verma

PRIVATE PLACEMENT MEMORANDUM (PPM) At the Offshore Fund level: PPM is the document that discloses all pertinent information to the investors regarding the company, proposed business operations of the company, structure of the transaction, the terms of the investment (share price, note amounts, maturity dates, etc.), potential risks for the investors, and details of the…

Company Incorporation

ByVivek Kumar Verma

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…

Appointment of Directors under the new Companies Act, 2013

ByVivek Kumar Verma

Directors of a company hold the most crucial position in the Company. With the new Companies Act, 2013 (“New Act“) already in force, their position has become even more significant than ever before. They are now formally included within the definition of “key managerial personnel” or “KMP” under Section 2(51) of the New Act. New…

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Advantages of Forming a Section 8 Company in India

ByVivek Kumar Verma

In a society where businesses are focused on making profits, Section 8 companies stand out due to their focus on purpose, and not profit. A Section 8 company is regulated by the Companies Act, 2013. It is a non-profit company established to advance commerce, arts, science, social welfare, charity, education, research, or sports. Its primary…

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