Home Highlights August 2017 Year 2017 This

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1. Sale of property of the company to the third parties - oppression and mismanagement - it is quite clear that the even though the sales made in the years 2013 and 2014...

2. Central Government constitutes additional Benches of the National Company Law Tribunal (NCLT)

3. Issuance of summons directly to the Managing Director of the petitioner Company without providing the alternative of it being issued to an authorized representative -...

4. Dishonour of Cheque - The High Court hedl that, where the company is a complainant, who will represent the company, and how the company will be represented in 138...

5. Whether the High Court ought to interfere, under Article 226/227 of the Constitution, with an Order passed by the National Company Law Tribunal in a proceeding under the...

6. The Supreme Court held that the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) failed to properly examine the material,...

7. Oppression and Mismanagement - The appellants are critical of the Special Officer appointed by the learned National Company Law Tribunal (who was appointed to ensure...

8. Striking off of the name of the company - considering that the Appellant Company is having substantial movable as well as immovable assets, it cannot be said that the...

9. Restoration of the name of the Company - The Appellant Company is having substantial movable as well as immovable assets, therefore, it cannot be said that the Appellant...

10. Increased in authorized capital - Change in registered office - CLB has declared the action the company as illegal - If the conduct of the appellant before the Board...

11. Addition u/s 68 - bogus share application money and premium received by the assessee-company - sham transactions - Onus to prove - Here in this case, the investee...

12. Restoration of struck name of the company from its register - default in non-filing of the Financial Statements and Annual Returns - The NCLAT observed that the act of...

13. The National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has wide powers under the Companies Act and NCLT Rules, 2016 to...

14. Dishonor of Cheque - vicarious liability - rebuttal of presumption - non-Executive Independent Directors - What the High Court overlooked was, the contention of these...

15. Proposed Amendments in the Companies Act, 2013 - as per the report of the Companies Law Committee