Rulings
NCLT: Dismisses ‘premature’ petition for conversion public co. into private co., refers Rules
NCLT: Disposes compounding application for ‘hotch potch’ expenditure allocation between parent-subsidiary co.
NCLT: Levies compounding fees on directors for inadequate disclosures in Board’s Report
NCLT: Imposes compounding fees on directors/company for not finding appropriate candidate for CS appointment
SC: Upholds Sec. 138 proceedings where director dishonoured cheque issued as ‘security’ for company’s loan
HC: MD’s name omission in cheque bouncing complaint cannot absolve responsibility, Upholds summons order against Mallya
CLB: Director’s resignation effective on its communication to company, refers Articles of Association
NCLT: Allows compounding application for violating ‘Loans to Directors’ provisions under Cos. Act, 1956
NCLT: Levies compounding fees on directors/Company Secretary for delay in filing resolutions with Registrar
HC: Holding minimum shareholding in company mandatory for directing investigation, upholds CLB order
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