INTRODUCTION It was in the year 2009 when Walt Disney Company (“Disney”) and Marvel Entertainment, Inc. (“Marvel”) entered into a merger agreement with each other. Merger is a legal consolidation of two entities into one entity which can be merged either by way of amalgamation or by formation of new company. The Board of Directors…
INTRODUCTION Forfeiture of Share When the shares are issued by the company, generally the shareholders are not asked to pay the whole amount of share at once. It happens in instalments. The company makes these calls on shares when it requires further capital. Besides the forfeiture of shares is process in where the…
Introduction The law recognises two kinds of person, namely, natural persons and legal persons who are artificial creations of law. A natural person is a living human being and legal person, on the other hand, is any subject matter to which the law attributes legal personality. Legal personality being the creation of law, can be…
The history of Indian Company Law began with the Companies Act 1850, which was modelled on the British Companies Act 1844. Between 1850 and 1882, the Companies Act was amended many times and the Act of 1882 replaced all the previous laws and remained in force till 1912 though amended many times. The Indian Companies…
During the 17th through 19th centuries the British East India Company had monopoly over sea trade. The most popular trade route was the Silk Road, which was a network of many trade routes which originated in China and ended in the Mediterranean Sea and Europe. The Silk Road was used to transport silk, spices, Ivory…
Future Group Kishore Biyani founded Future Group in 2013. His grandfather had a textile shop in what was then called Bombay. He followed his grandfather’s footsteps and started Pantaloon. With the help of the stock market, he got a lot of money which he used to open a huge Pantaloon store in Kolkata in 1997. …
Mergers and acquisitions, also known as M&A is the merging of two separate companies or the acquisition of a smaller company by a bigger one. Although they are commonly referred together, there are significant differences between the two terms which a common layman may be unaware of. Merger means combining of two or more entities…
PROMOTERS IN COMPANY LAW (PART 2) A promoter has the foremost major role within the incorporation of a corporation from a mere business idea. They perform the subsequent functions to line it on a course of development. Promoters are generally the primary persons who conceive the thought of business. They perform the required investigation to…
PROMOTERS IN COMPANY LAW(PART -1) Before 2013 there was no legal position related to promoters were defined in the Old Version of the Act of 1956. In the Old Act, the subscriber to the M.O.A was regarded as the promoters since they had subscribed to the company from its inception. CONCEPT ‘Promotion’ may be a…
National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the businesses Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT). Hon’ble Acting Chairperson -Justice Bansi Lal Bhat CONSTITUTION As per Section 410 of Companies Act, 2013 ,the Central Government shall, by notification, constitute, an Appellate Tribunal to…
