Salomon v Salomon & Co. Ltd (1897) Introduction:The Salomon v Salomon & Co. Ltd (1897) case is a cornerstone of modern corporate law, marking a turning point in how companies are viewed legally. It established that a company, once incorporated, … Read more
Law of Depository Receipts in India
Section 2(48) of Companies Act, 2013- Indian Depository Receipt “Indian Depository Receipt” means any instrument in the form of a depositary receipt created by a domestic depository in India and authorized by a company incorporated outside India making an issue … Read more
Foreign Exchange Management Act, 1999, Some Selected Questions
Sec. 6 – Capital account transactions. —(1) Subject to the provisions of sub-section (2), any person maysell or draw foreign exchange to or from an authorised person for a capital account transaction.(2) The Reserve Bank may, in consultation with the … Read more