Writ of mandamus is an order by the superior court commanding a person or a public authority to do or forbear to do something in the nature of public duty. In other words, it is a judicial remedy which is in the form of an order from a superior court to any government, court, corporation,…
Adyasree Prakriti Sivakumar With the introduction of the new Companies Act and its incorporation with effect from 1st April 2014 has brought much criticism and appreciation from connoisseurs and masses alike. The act which consists of 14 better and new principles and policies was put forth before the cabinet on Tuesday for the purpose of…
Has it really achieved the objectives or are we still far from achieving a strict compliance with the CSR policies Sandeep Menon Nandakumar, Assistant Professor (Sr.), VIT Law School, Chennai It is an undisputed fact that multinational corporations wield more power and wealth than many of the nations across the world ((For example, the annual…
Abhinav Gaur, Research Associate Existing Companies Act, 1956 has been amended on August 29, 2013 through new Companies Act. Old bill was too complex and many representations were made to the Govt. to simplify it and incorporate present days requirements. In this new Bill, in addition to number of amendments new law of ONE PERSON…
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Abhinav Gaur, Research Associate The Companies Bill, 2009 for the first time was introduced on August 3rd 2009. On August 31, 2010 the Standing Committee presented its report on the Bill. Later, in the winter session of 2011, the central government withdrew this Bill. Thus, on December 2, 2011, the Bill was re-introduced. The Bill was finally after…
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Sibani Panda, Research Associate The new Companies Bill has received the President’s assent on August 29, 2013 and the Companies Act, 1956 which was replaced by the recent companies act has brought about some drastic changes in several areas of company administration and management. OVERVIEW OF THE COMPANIES ACT, 1956 AND THE COMPANIES ACT, 2013 [table id=3…
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Author: Abhinav Gaur, Research Associate What is a Private Company? Section 3(1) (iii), as amended by the Companies (Amendment) Act, 2000, provides that a private company means a company which has paid-up capital of Rs. 1 lakh or such higher paid-up capital as may be prescribed, and by its articles of association: restricts the right…
Author: Nayantara Narayan Industrial has revolution led to the emergence of large-scale business organizations. These organizations require big investments and the risk involved is very high. Limited resources and unlimited liability of partners are two important limitations of partnerships of partnerships in undertaking big business. Joint Stock Company form of business organization has become extremely…