Supreme Court of India has decide in the Matter Kerala State Electricity Board V/s Hindustan Construction Co. Limited [2009] 91 SCL 183 (SC) inter aliea decide that “Confirmation of minutes of Board meeting or any committee meeting does not require confirmation in subsequent meeting. Non confirmation of minutes does not have any effect on the [...]
Archive for the ‘Company Law’ Category
Non Confirmation of Minutes does not have any Effect on the Decision Taken at the Earlier Meeting: SC
Posted by admin on August 19th, 2009
Posted in 
Sum due u/s 434 of the Companies Act, must mean what has Fructified and can not merely be a Contingent Liability or Deferred payment
Posted by admin on July 16th, 2009
SUMMARY OF CASE LAW The “sum due” as referred to under section 434 of the Companies Act, 1956 must mean what has fructified and can not merely be a contingent liability or deferred payment; if the liability has not fructified within 21 days from the time the date of service of notice, it cannot be [...]
Company Law for the Average Person
Posted by admin on July 11th, 2009
History The industrial revolution in the England set the foundation for Companies (corporate legal entity separate from its constituents). Large sums of money were needed to finance long-term capital needs of industries and businesses. This money could be contributed by the members of public by buying shares in the company. Idea of Limited Liability That [...]
Company Law – Obligations of a Company on Incorporation
Posted by admin on July 11th, 2009
Obligations of a company on incorporation The following obligations under the Companies Act have to be fulfilled by the board of directors: Statutory meeting (applicable to a public company limited by shares and guarantee having share capital): you must convene a General meeting of the members of the company within one month or not exceeding [...]
