Category Archives: Corporate Law

Understanding legal due diligence – Investors, Promoters, VC’s, Corporates – Know this before investing

With the growing liberalization of the Indian economy, a legal due diligence exercise has become a common feature of any investment activity. A legal due diligence process has become necessary for protection of economic interests of the investor and it affords an opportunity for the Indian promoters to be transparent in sharing information, so as to be… Read More »

Companies! How to Distribute your excess profits prudently – Know the Secret!

This article is based on the citation: 2007(6) AIR Kar R 151 – judgement delivered by Hon’ble Justice N.Kumar of High Court of Karnataka wherein the Hon’ble Justice has threadbare the points with regard to distribution of excess profits by the Companies. For further detailed study , kindly refer the above citation. When a Company… Read More »

Companies establishments, fight against monopoly of trade and have a healthy competition to prosper globally

Competition Act ACT NO. 12 OF 2003 [13th January, 2003.] An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom… Read More »

Know about competition advocacy Powers/ Duties of directors

Companies Act – CHAPTER 05: DUTIES OF DIRECTOR GENERAL SECTION 41: DIRECTOR GENERAL TO INVESTIGATE CONTRAVENTIONS (1) The Director General shall, when so directed by the Commission, assist the Commission in investigating into any contravention of the provisions of this Act or any rules or regulations made there under. (2) The Director-General shall have all… Read More »