Rulings
HC: Sec. 108 compliance not mandatory for ‘share transfer’ u/s 391-394, upholds CLB order
NCLT: Allows conversion of private to public co. under Cos. Act, 2013
NCLT: Condones 152-days delay in filing rectification petition, cites applicability of Limitation Act
NCLT: Trivial issues in share-transfer can be resolved by Co. & Transferor/Transferee, directs rectification
NCLT: Directs compounding for failing to note director’s general notice of disclosure at board meeting
NCLT: Dismisses petition for Reliance Group’s records inspection; Rules on repeal of Cos Act 1956
HC: Sanctions Sistema-RCom scheme, Rejects RD’s objection on share-valuation & Accounting Standard non-compliance
HC: Exonerates ‘professional director’ from criminal proceedings for accounts falsification & inadequate disclosures
NCLT: Directs Ricoh’s Parent co. to infuse share-capital equal to net-worth erosion caused by accounts defalcation
NCLT: Disposes compounding application for obtaining 2 DINs, directs data migration to original-DIN
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