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Amendment in Atomic Energy Act

The Government has amended sections 2 and 14 of the Atomic Energy Act, 1962 through the Atomic Energy (Amendment) Bill, 2015, which would enable Nuclear Power Corporation of India (NPCIL) to form joint venture companies with other Indian PSUs to meet

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Attachment of company property with shareholder rights

Posted by Divya

Respected experts
I have to execute a decree. Judgment debtors are all shareholders Cum directors in various construction companies having shareholder stake like 10%, 50%, ETC..
none of these construction companies have filed their financial statements before the respective registrar of companies.
I as a decree holder should only attach shares of that share holder and file just garnishee proceedings.. Or do I as a decree holder have legal options to attach the immovable construction projects of those construction companies to the extent of share holder rights along with garnishee proceedings..

Pls advise since a few advocates have been stating that company is a distinct legal entity from share holders due to which company assets cannot be attached...


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Updated on : 31/05/2016 15:12:07

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