Companies Act, 1956 with Section 81

Supreme Court Upholds Share Allotment in Closely Held Company: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023)

/ B.V. Nagarathna, Board of Directors, Companies Act, 1956, Companies Act, 1956 with Section 397, Companies Act, 1956 with Section 398, Companies Act, 1956 with Section 81, Corporate Governance, Fiduciary Duty, Judges, K.M. Joseph, Share Allotment

Date of the Judgment: June 15, 2023 Citation: 2023 INSC 575 Judges: K.M. Joseph, J. and B.V. Nagarathna, J. Can a company allot additional shares to existing shareholders when some shareholders choose not to participate? The Supreme Court of India addressed this question in a recent case involving a dispute over share allotment in a […]

Supreme Court Upholds Share Allotment in Closely Held Company: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023) Read Post »

Supreme Court Upholds Share Allotment in Family Business Dispute: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023)

/ B.V. Nagarathna, Companies Act, 1956, Companies Act, 1956 with Section 397, Companies Act, 1956 with Section 398, Companies Act, 1956 with Section 81, Judges, K.M. Joseph

Supreme Court Upholds Share Allotment in Family Business Dispute: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023) LEGAL ISSUE: Whether the allotment of shares in a private company was valid when existing shareholders were given the option to apply for additional shares, and some shareholders chose not to participate. CASE TYPE: Company Law Case Name:

Supreme Court Upholds Share Allotment in Family Business Dispute: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023) Read Post »

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