Companies Act, 1956 with Section 396 Archives

Supreme Court settles the definition of ‘Financial Establishment’ under MPID Act: State of Maharashtra vs. 63 Moons Technologies Ltd. (2022) INSC 465 (22 April 2022)

April 22, 2022 / Bela M Trivedi, Companies Act, 1956, Companies Act, 1956 with Section 396, Dhananjaya Y Chandrachud, Financial Establishment, Judges, Maharashtra Protection of Interest of Depositors Act, 1999, Maharashtra Protection of Interest of Depositors Act, 1999 with Section 2(c), Maharashtra Protection of Interest of Depositors Act, 1999 with Section 2(d), Surya Kant

Supreme Court Upholds MPID Act: NSEL Deemed Financial Establishment LEGAL ISSUE: Whether National Spot Exchange Ltd (NSEL) is a ‘financial establishment’ under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act). CASE TYPE: Civil Law, Financial Law Case Name: The State of Maharashtra vs. 63 Moons Technologies Ltd. Judgment Date: […]

Supreme Court settles the definition of ‘Financial Establishment’ under MPID Act: State of Maharashtra vs. 63 Moons Technologies Ltd. (2022) INSC 465 (22 April 2022) Read Post »

Supreme Court Invalidates Compulsory Amalgamation under Section 396 of the Companies Act: 63 Moons Technologies Ltd. vs. Union of India (2019) INSC 441

Supreme Court Invalidates Compulsory Amalgamation under Section 396 of the Companies Act: 63 Moons Technologies Ltd. vs. Union of India (2019) INSC 441 LEGAL ISSUE: Whether a compulsory amalgamation order under Section 396 of the Companies Act, 1956, is valid when it does not adequately compensate the transferor company and its shareholders, and when the