Facts of the Case ‘X’ purchased shares of a company in good faith and became a transferee of a share certificate issued under the official […]
Author: swetha D
8. ‘X’, who is a member of Vivek Ltd., a Public Company has very recently become an insolvent. Can the insolvent ‘X’ continue as a member of the company?
Facts of the Case ‘X’ is a shareholder and registered member of Vivek Ltd., a Public Limited Company incorporated under the Companies Act, 2013. Recently, […]
7. Ramu, who is a member of Alex Ltd., is of unsound mind. Can the shareholder of unsound mind exercise his voting rights of his membership in the said company? Give your advice.
Facts of the Case Ramu is a registered shareholder and member of Alex Ltd., a company incorporated under the Companies Act, 2013. Due to mental […]
6. Articles of Association of a Company reserve the powers for calling the AGM. The MD of the company, without reference to the Board, call an AGM. Is the Annual General Meeting valid?
Facts of the Case A company’s Articles of Association (AOA) expressly provide that the power to convene the Annual General Meeting (AGM) lies with the […]
5. A whole-time director of a company made an invention during the course of his employment with the company. He patented the invention in his own name and appropriated the benefits to himself. Can he do so?
Facts of the Case A whole-time director of a company was employed under a contract of service that required him to devote his full time, […]
4. An offer by ‘A’ Co. Ltd. to purchase the whole of the issued share capital of B Co. Ltd. has been accepted by the holders of 9/10th of the shares, What further steps can be taken by ‘A’ Co. Ltd. to acquire the holdings of the dissenting shareholders.
Facts of the Case A Co. Ltd. made an offer to acquire the entire issued share capital of B Co. Ltd. The offer was communicated […]
3. Two Companies X and Y filed petition under Companies Act seeking sanctioning of the scheme of their amalgamation. What are the expected objections from the authorities.
Facts of the Case Company X and Company Y are registered companies incorporated under the Companies Act, carrying on business in allied commercial activities. With […]
2. ‘A’ Pvt. Co has only ‘2’ shareholders who are also the Directors with equal rights of management and voting power. The company has made huge profits but there is a complete dead lock in the Mgt. of the company. One of the shareholders applied for the winding up of the company? Decide.
Facts of the Case ‘A’ Private Limited Company has only two shareholders, who are also the only directors of the company. Both shareholders hold equal […]
1. ‘X’ company purchases a property without its power given in the Memorandum of Association. What is the legal position of the company with regard to company.
Facts of the Case ‘X’ Company is a registered company incorporated under the Companies Act, having a duly registered Memorandum of Association (MOA) which defines […]
23 Cheque is payable to R or Order. It is stolen and the thief forges R’s signature and presents it to the Banker who makes payment in due course. Can R recover the amount from the Bank?
Facts of the Case Issues in the Case Principles Associated with It Judgement