Yes. A company can enter into a partnership with other person or company, only if there is some power in its Memorandum of Association or Articles of Association. [Circular No. 1-81-CL V].
Gravity of COVID-19 outbreak is being felt across the globe. Since nobody has ever imagined such a situation, so preparing to fight against it seems quite difficult. For Government, to continue with lockdown or managing economy, becomes a mutually exclusive decisions. Every economic sector is finding itself difficult to navigate through such a tough time and running a country is literally like chewing glasses. But, this unprecedented situation will definitely change the rules of doing business and will help some sectors to enter into boom phase when the dust settles. So, let's discuss the impact of COVID-19 on various sectors: 1. TEXTILE SECTOR: After agriculture, textile is biggest employment generator in Indian economy. This pandemic hit this sector at a time when the sector is facing sluggish growth with wafer-thin margin. Eleven countries buy 41 % of India's cotton yarn and these countries have reported COVID-19 cases [ According to Cotton Textile Export Promot...
I am quite sure that most of you must have heard this name NIFTY or SENSEX whenever you read stock market-related news and few of you who invest in the stock market always keep your hear beat up and down with NIFTY up and down movement. And this is quite logical because after all, you have invested your hard-earned money into an unknown company. But if you among those who have not invested even a single penny in the stock market then you you do not need to worry. Having said that I would say people do get panic when NIFTY falls. They start linking it with poor economic performance but measuring economic conditions solely on the basis of NIFTY or SENSEX is not a wise thing to do. What is NIFTY in the Stock Market? It is just an Index of the top 50 companies share prices which are listed on the National Stock Exchange (NSE) . In simple terms, NIFTY is made up of these 50 companies and whenever there is fluctuation even in single company share price NIFTY moves ...
M ost people consider Boardroom a picnic spot, and attending or holding board meeting is considered as a time-pass compliance process by most of the listed and unlisted companies. But, let me tell you board meeting minutes is one of the most important evidences of company's proper functioning, and the Courts also rely on papers of board meeting be it directors notice, attendance register, minutes etc. NOT HOLDING BOARD MEETING COULD RESULT INTO LAND DEAL CANCELLATION This case happened when NCLT declared the sale to be null and void in oppression & mismanagement case [ Elaine Info Solution Pvt. Ltd. v. Avenues India Pvt. Ltd. & others ] and the same uphold by NCLAT . FACTS OF THE CASE: Appellant : Elain Info Sol Pvt Ltd. ( A1 ) Respondents : J&A Avenues India Pvt Ltd ( R1 ) | Mrs. Vishnumolaka Govardhanamma ( R2 ) | Mr. V. Lakshmi Chenuchu Venkata ( R3 ) | Sub-registrar ( R4 ) R2 and R3 are the only directors of R1, and R2 is mother of R3. R3 held 50% shareh...
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