Company Law

We have worked on innumerable cases involving disputes between joint venture partners, Majority Shareholders, Minority Share Holders at Erstwhile Company Law Board, National Company Law Tribunal and at High Courts. Our track record on contesting Oppression and Mismanagement is impeccable.

We have successful track record of winning Complex construction and engineering disputes for our clients especially in Infrastructure projects, EPC contracts, real estate developments, transport projects, Works Contracts, Supply of Goods and Services at various forums including Commercial Courts, High Courts, Dispute Boards, Arbitration Tribunals Etc.

We also assist corporates/promoters in avoidance of Preferential, Undervalued, Fraudulent, Exorbitant transaction allegation by Financial Creditors/Share Holders.

We have filed innumerable writs at Delhi, Mumbai, Hyderabad, Amaravati, Bangalore and Cuttack High Courts every year on behalf of our clients challenging government tender conditions or award of tenders, quashing of government orders, or punitive actions against clients etc.

We have a track record of completing 15 M&A transactions(Average Deal Size Rs200Crore) over last 6 years and in the year 2022-2023, we have completed 1 M&A Transaction (Value Rs150Crore) as of 31 May 2022 and in the process of completing 1 more before 31 July 2022.

Redeemable preference shares without fixed tenure are part of paid-up capital, a component of net worth, not a liability
Date Of Article : 04/26/2023

Legal Updates on Company law – By Company law Expert

Redeemable preference shares without fixed tenure are part of paid-up capital, a component of net worth, not a liability

Date Of Article : 04/26/2023

HIGH COURT OF DELHI in Teq Green Power XIII (P.) Ltd. v.REMC Ltd has held that when preference shares issued by the issuer are redeemable only on the option of the issuer and there is no tenure attached to the shares and further under Section 2(57) of the Companies Act the definition of net worth uses the expression paid-up share capital which is defined under Section 2(64) of the Companies Act to mean that the paid up share capital is the aggregate amount of money credited as paid up capital and is equivalent to the amount received as paid up capital in respect of shares issued including the amount credited as paid up capital in respect of shares of the company and further Section 43 of the Companies Act states that the share capital of a company limited by shares includes equity share capital and preference share capital which means that the expression includes both preference share capital as well as equity share capital of the company and hence the redeemable preference shares without fixed tenure are part of paid up capital and a component of networth.