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corporate law


Presumption under Sec.27 of the General Clauses Act, 1897 - is not available to secured creditor

 Sec.27 of General clauses Act 1897 lays down as under.-   Where any Central Act or Regulation made after the commencement of this Act, authorizes or requires any document to be served by post, whether the expression" serve&..

Posted in articles |   8 comments |   7617 Views


Security Creation a tool of recourse lending: Project Finance

A. INTRODUCTION   Being a law student you must have come across the articles stating that XYZ law firm advised ABC Company for setting up its power plant worth thousands of crores of rupees. But have you ever thought what the lawyers do during the transaction, how lawyers come into the picture for a complete financial phenomena oh yes the process is cal..

Posted in articles |   1659 Views


Citizen's Charter is incomplete without Business Services

It is heartening to listen to Mr. Kejriwal’s speech in Delhi Assembly during vote of confidence. He has rightly mentioned that Citizens’ Charter is an integral part of anti-corruption measures. A government official is likely to stop doing anything to thwart anti-corruption measures which will hurt public even more and compel them to revert back to co..

Posted in articles |   1329 Views


Critical Analysis on Corporate Social Responsibility

Introduction   There is today a growing perception among the enterprises that sustainable success and shareholder value cannot be achieved solely through maximizing short term profits, but instead through market-oriented yet responsi..

Posted in articles |   6289 Views


Inflation can indeed be brought down

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obama’s visit a few years ago has become laughing stock of the world! This has forced government to retreat to socialism under the newly devised synon..

Posted in articles |   2 comments |   1246 Views


Borrower's Concise Guide to Bank Loan

(1)Why security insisted?   The bank will look at:   · Cash flow to meet the operating expenses, debt servicing and other liabilities. · !--[e..

Posted in articles |   5 comments |   2030 Views


Incorporating Limited Liability Partnership (LLP) in India

The introduction of Limited Liability Partnership (LLP) in India has created a huge difference in how corporate bodies are structured, run and taxed in this country. Traditionally speaking, the corporate structures prevalent in India were incorporated companies, proprietorships or partnerships. Further, proprietorships and partnerships in India lacked business ca..

Posted in articles |   5 comments |   4614 Views


The Companies Act 2013: A game changer

The New Companies Bill (“Co Bill”) had received the assent of the President of India on 29th August 2013, thus creating a landmark in Indian Corporate arena. Saying Adieu to year old Anarchic law of The Companies Act 1956, which served the corporate India for about 57 years. This is historic change in old law, which was a riddle  wrapped up in enigma. The new law is fut..

Posted in articles |   6 comments |   9232 Views


‘Ratio Decidendi’ has now been caused to be impenetrable, thus rendered a ‘top secret’ for all

(1) Ratio Decidendi: It is settled law that broadly, every judgment of a superior court has three segments, viz.   (i) the facts and the point at issue; (ii) the reasons for the decision; and  p style="text-..

Posted in articles |   20 comments |   3562 Views


The New Companies Bill - Indeed Revolutionary & Land Mark Legislation

With passage by the upper House of the Parliament on 8 August, the new Companies Bill will replace the nearly six-decade-old Companies Act of 1956. The bill will now go to President for his consent. The new legislation will come into effect with notification by the corporate affairs ministry after the presidential assent. &..

Posted in articles |   20 comments |   4075 Views


Corporate Social Responsibility - How Smart A Choice!

Abstract:    Problem Statement -This paper analyses the choice of using the concept of ‘Corporate Social Responsibility'(CSR) for benefiting both business and society at the same time. It is our submission that the hypothesis that led to synthesis ..

Posted in articles |   6 comments |   2814 Views


A brief Dissection Banking Ombudsmen Scheme

Banking sector has become the core of almost all the monetary transaction that took place in the Country.  All the Financial transaction within the Country and with the Foreign Country are done through Banks. Functions of the banking sectors now-a-days ranges from accepting deposit from Public , giving loan, depository of stock exchanges, etc to insurance se..

Posted in articles |   1 comments |   9681 Views


Critical issues determining the extent of powers vested with the secured creditors under SARFAESI Act

Object and reasons for the enactment of the SARFAESI ACT   The issue of blocking of public money of banks and financial institutions had seen its roots in the liberal policies of granting loans by the financial institutions in pursuance of the directions of the Central and the Sate Governmentsspan mso-fareast-language:="" new="" times="..

Posted in articles |   10 comments |   6468 Views


The role of corporate governance in coping with financial crisis, corporate scandals and failures

Corporate greed & corruption witnessed in the Rs. 1.76 lacs crore 2G scam, which involved many large businesses last year only got bigger this year with a host of other cases grabbing the limelight. Be it the much bigger Rs.1.86 lacs coal scam, charges of bending rules by DLF, Reebok or allegations of spending money in lobbying firs..

Posted in articles |   3826 Views


Class Action Suits

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Posted in articles |   1 comments |   4140 Views


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