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The order restrained Byju's from going ahead with the second rights issue, which according to the investors commenced on May 13 and was to end on June 13.
NCLAT junked creditors IDBI Bank and Axis Finance's contention urging the appellate tribunal to wait for the outcome of Zee's plea in the NCLT to enforce the merger
The case pertained to the Annual General Meeting (AGM) of Finolex cables. The NCLAT had in September 2023, passed an order directing status quo on conduct of the AGM, till they adjudicate on the dispute between cousins Prakash Chabria and Deepak Chabria.
While the judiciary has tried to interpret the law in favour of the independent directors, reforms in practical legal application are still needed
Last month POSCO had inaugurated a USD 709 million steel mill in Maharashtra to scale up its presence in the country.
Securities and Exchange Board of India (Sebi) would seek board approval for revision in illustrative format of statements of assets and liabilities as well as profit and loss to be furnished by listed companies, sources said.
NSEL, is presently facing a crisis of settling Rs 5,600 crore dues to 148 members/brokers, representing 13,000 investor clients, after its trade was suspended on July 31 by government orders.
India ratified its first major overhaul of company law in more than 50 years on Thursday, seeking to strengthen accounting standards and shareholder rights in a country where many businesses are family-controlled.
India is just one signature away from a brand new Company Law. It comes 57 years after the previous one, has spent 4 years in drafting, four years in Parliament and contains 470 sections, with over 370 yet-to-be-notified rules.
Government sources have indicated that the MCA has written to the FIPB on possible violations of FDI norms by foreign companies, reports Ronojoy Banerjee of CNBC-TV18.
India first began work on a new Company Law in 2004 with the establishment of the Irani Committee. That was also the year the European Union included 10 new countries in its biggest ever expansion.
When SEBI's de-listing guidelines do not provide a squeeze out—can companies use a Company Law provision to do so?
