Winding Up of a Company – by the Court

Author : V S Warrier Section 425 of the Companies Act, 1956, deals with the winding up of companies. Winding up of company is a legal procedure to dissolve the company and put an end to its life. “Winding-up” in literal sense, means to bring to a conclusion or an end by putting in order. It is defined as the process by which the life of a company is ended and its property is administered for the...

Partnership Firm

Author: V S Warrier A partnership is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting or all. In India it is governed by the Indian Partnership Act, 1932, which extends to the whole of India except the State of Jammu and Kashmir. It came into force on 1st October 1932. Partnership is a form of business organisation, where two...

Duties of Directors: An Analysis under the Companies Bill, 2011

Author : V S Warrier The law relating to companies in India is contained in the Companies Act, 1956. The Companies Act, 1956 (The Act) is a consolidation of existing laws, statutory rules and certain principles laid down in decisions of the Courts in India and England. The Act of 1956 substantially incorporates provisions of the English Companies Act, 1948. A company means, a company formed and registered...

Simplification – Compounding of FEMA contraventions

As a measure of customer service and in order to facilitate the operational convenience, ReserveBank of India has been decided to delegate the powers to the Regional Offices of the Reserve Bank of India mentioned below to compound the contraventions of Foreign Exchange Management Act involving (i) delay in reporting of inward remittance, (ii) delay in filing of form FC-GPR after allotment of shares...

Legal Metrology Act, 2009

Author : V S Warrier Legal Metrology Act, 2009 is an Act to establish and enforce standards of weights and measures, regulate trade and commerce in weights, measures and other goods which are sold or distributed by weight, measure or number and for matters connected therewith or incidental thereto. The Act was enacted in the Sixtieth year of Republic of India, and received the Presidential assent...