Company Law

Companies (Amendment) Act, 2017

In line with the ongoing narrative of investor protection and ease of doing business in India, the government has introduced various amendments to the Companies Act, 2013 (“2013 Act”) through the Companies (Amendment) Act, 2017 (“Amendment”), subject to the provisions of the Amendment being brought into force. The Amendment is a result of the recommendations…

NCLT Order in the Tata-Mistry Battle: Setting out principles for making claims of Oppression and Mismanagement

On April 17, 2017, the newly formed National Companies Law Tribunal (Tribunal), Mumbai, issued an order rejecting the petition filed by companies controlled by Shapoorji Pallonji group, holding 18.37% of equity capital of Tata Sons Ltd. (collectively, Petitioners) claiming oppression and mismanagement under Sections 241, 242 and 244 of the Companies Act, 2013 (Act) against Tata Sons…

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