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High Court Sanctions Scheme of Amalgamation Between Transferor and Transferee Companies Despite Intervenor Objection. Non-Disclosure of Pre and Post Capital Structure in Explanatory Statement Did Not Invalidate Scheme When Shareholders Had Sufficient Information Under Section 393 of Companies Act, 1956.

The transferor company, Chemidye Manufacturing Company Pvt. Ltd., and the transferee company, Thirumalai Chemicals Ltd., both engaged in similar chemi...

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Bombay High Court Sanctions Scheme of Amalgamation of Transferor Companies with Transferee Company under Sections 391-394 of Companies Act, 1956. Court found scheme fair and reasonable, no objections from Regional Director or Official Liquidator, and no prejudice to shareholders or creditors.

The judgment concerns a Company Summons for Direction No. 337 of 2014 filed in the High Court of Judicature at Bombay under the Companies Act, 1956. T...

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APPEAL No. 331 of 2012

The dispute centered on the shareholding of Gharda Chemicals Ltd., a closely held company originally belonging to the Gharda and Kavasmaneck families....

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Bombay High Court Sanctions Scheme of Amalgamation of 16 Transferor Companies with Transferee Company under Sections 391-394 of Companies Act, 1956. Court finds scheme fair and reasonable, no objections from authorities, and orders dissolution of transferor companies without winding up.

The judgment pertains to a Company Summons for Direction No. 336 of 2014 filed before the Bombay High Court under the Companies Act, 1956. The applica...

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Bombay High Court Dismisses Appeal Against Official Liquidator's Report Seeking Declaration of Sale as Null and Void in Company Liquidation. Transfer of Leasehold Rights by Company in Liquidation Without Court Sanction Held Invalid Under Section 536(2) of Companies Act, 1956.

The appeal arose from a judgment of the learned Company Judge allowing the Official Liquidator's report seeking a declaration that the sale of immovab...

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High Court of Karnataka hears a writ petition challenging the assignment of investigation to the Serious Fraud Investigation Office under Section 212 of the Companies Act, 2013. The petition raises issues regarding the permissibility of parallel investigation and violation of natural justice principles.

The petitioner, Exalogic Solutions Private Limited, a one person company incorporated in 2014, sought to quash an order dated 31-01-2024 passed by the...