Facts of the Case ‘X’ Company lent money to ‘Y’ Company against a mortgage of Y’s assets. However, the procedure prescribed in Y Company’s Articles […]
Tag: CompaniesAct
12. ‘A’ had subscribed memorandum of a company for 100 shares. The company was duly registered but ultimately he took only 10 shares. The company was wound up what is the extent of ‘A’s liability. Explain.
Facts of the Case ‘A’ subscribed to the memorandum of a company for 100 shares at the time of its registration. The company was duly […]
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 […]