Thursday, February 7, 2013

[aaykarbhavan] Fw: Pre-Print Highlights of CC from CLI




----- Forwarded Message -----
From: "info@cliofindia.com" <info@cliofindia.com>
To: newsletter@cli.in
Sent: Thursday, 7 February 2013 5:50 AM
Subject: Pre-Print Highlights of CC from CLI

CLI
www.cliofindia.com
info@cliofindia.com

COMPANY CASES (CC) HIGHLIGHTS


ISSUE DATED 8-2-2013

Volume 176 Part 6


SUPREME COURT
ENGLISH CASES
CLB
SAT
DRAT
JOURNAL
NEWS-BRIEFS


HIGH COURT JUDGMENTS




F Deviation from Accounting Standards permissible in scheme of amalgamation : Necessary disclosure to be made in transferee company's financial statement after sanction of scheme : Milestone Tradelinks P. Ltd. In re. (Guj) p. 337

F In scheme of amalgamation, authorised share capital can be clubbed and additional fee not required to be paid : Section 391 complete code in itself, no separate application under section 391 of 1956 Act necessary for change of name : Eye Foundation Ltd. v. Lasik Centre (India) P. Ltd. (Mad) p. 345

F Where transfer of shares after winding up order and transferor and transferee acting upon agreement and paying off secured creditors, prior permission of court not essential : Guptajee Charitable Trust v. Bharat Carpets Ltd. (Delhi) p. 354

F Provision stating transfer of shares not to be registered except on production of instrument of transfer not applicable in case of company under liquidation : Guptajee Charitable Trust v. Bharat Carpets Ltd. (Delhi) p. 354

F Where scheme providing for sacrifice of 80 per cent. of dues by unsecured creditors without producing consent, scheme not bona fide, sanction not granted : Madhu Fabrics Ltd. v. Regional Director (Guj) p. 368

F Order admitting winding up petition must be speaking order : Atlanta Pumps P. Ltd. v. Mrs. Kuna J. Majli (Karn) p. 393

F Winding up complete when assets disposed of and distributed among all concerned : A. Talukdar and Co. (Fertilisers) P. Ltd. v. Official Liquidator, High Court, Calcutta (Cal) p. 402

F Possession of premises by occupants coterminous with that of official liquidator : A. Talukdar and Co. (Fertilisers) P. Ltd. v. Official Liquidator, High Court, Calcutta (Cal) p. 402

F Parties to proceedings to be notified on clarification sought by third party : A. Talukdar and Co. (Fertilisers) P. Ltd. v. Official Liquidator, High Court, Calcutta (Cal) p. 402





STATUTES AND NOTIFICATIONS




Circulars :

SEBI Circulars :

F Requirement of Base Minimum Capital for Stock Broker and Trading Member-CIR/MRD/DRMNP/36/2012, dated 19th December, 2012 p. 177

Ordinance :

F Securities and Exchange Board of India (Amendment) Ordinance, 2013 p. 179

Regulations :

F Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2012 p. 182

F Foreign Exchange Management (Deposit) (Second Amendment) Regulations, 2012 p. 180

F Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2012 p. 184

F Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fourth Amendment) Regulations, 2012 p. 187

F Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Fifth Amendment) Regulations, 2012 p. 185

F Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Seventh Amendment) Regulations, 2012p. 186

Rules :

F Companies Director Identification Number (Third Amendment) Rules, 2012 p. 191

Notifications :

Foreign Exchange Management Act, 1999 :

Notification under section 3 :

F Receipt from, and Payment to, a Person Resident Outside India p. 181


COMPANY LAW INSTITUTE OF INDIA PVT. LTD.
No. 2, Vaithyaram Street,
T.Nagar, Chennai - 600017.
Phone: (044) 24350752 - 55
Fax: (044) 24322015
info@cliofindia.com
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