Tag Archives: shareholder

Association or body corporate can maintain writ petition: KolHC

The Calcutta High Court recently held that an association or body corporate has a clear right to maintain a writ petition on behalf of its members or shareholders if the cause of action effects them both. The Court clarified that … Continue reading

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Corp guarantees have no bearing on profits: ITAT

In a recent ruling, Income Tax Appellate Tribunal (ITAT) held that when corporate guarantees are in the nature of shareholder activities, they have no bearing on profits and in such cases no arms length price adjustments need to be made. … Continue reading

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Postal ballot voting not applies to court-convened meetings: BHC

In one of the first rulings dealing with interpretation of provisions of new Companies Act, 2013, the Bombay High Court held that that the provisions for compulsory voting by postal ballot to the exclusion of an actual meeting do not … Continue reading

Posted in Banking Law, Company Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment