Tag Archives: Corporate Law

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 »

Powers of central government to remove managerial personnel from office on the recommendation of the company

Companies Act – Powers of Central Government to Remove Managerial Personnel from Office on the Recommendation of the Company [Company Law Board] Section 388B. Reference to Company Law Board of cases against managerial personnel. (1) Where in the opinion of the Central Government there are circumstances suggesting (a) that any person concerned in the conduct… Read More »