C R Datta on Company Law, seventh edition, was published in October 2016. There have been many changes since then, from November 2016 to April 2017. This supplement brings to the reader around 25 relevant case notes, latest amendments, notifications, rules, circulars and clarifications under Company Law and other allied Acts, Rules and Regulations.
"Specialist Editors:- Aditya Vikram Bhat - Partner, AZB & Partners, Bangalore Aditya Vikram Bhat has extensive experience advising on company law, in both contentious and non-contentious situations. He has hands-on experience in shareholder disputes and litigation related to shareholder oppression, corporate mismanagement and corporate control and other trans-border litigation and international commercial arbitration. He has also advised and acted for clients on mergers, acquisitions and foreign inward investment. Aditya was supported by his team comprising: • Bhuvana Veeraragavan - Senior Associate • Rhea Mathew - Associate • Reema Dash - Associate • Maitreyi Bhat - Associate • Malavika Chandu - Associate • Aparajita Lath - Associate • Shrishti Singh - Associate Amit Agrawal - Advocate, Supreme Court & Delhi High Court Amit Agrawal handles civil and commercial disputes at various fora including the Delhi High Court and the National Company Law Tribunal. He has also edited a commentary on the SEBI Act, 1992. He previously worked with the corporate and securities team at Amarchand Mangaldas, New Delhi, and at the chambers of Akhil Sibal. He was a member of the core Amarchand team advising the government nominated board of Satyam Computers on its revival. Amit was supported by his team comprising: • Radhika Agarwal (NALSAR Hyderabad, 2015) • Tejaswita Sachdeva (Campus Law Centre, Faculty of Law, University of Delhi, 2014) Ashish Makhija - Managing Attorney, AMC Law Firm and Standing Counsel for the Official Liquidator, Ministry of Corporate Affairs, Government of India Ashish Makhija is a Chartered Accountant, Cost Accountant and a very successful lawyer, has over 27 years of hands on experience in commercial law, corporate law, arbitration and allied laws. Ashish is a faculty at the Institute of Directors taking ‘Master Class of Directors’ and has also served as Adjunct Professor at the Thomas Jefferson School of Law, San Diego, USA, until December 2014. He has several published books and research papers to his credit. He is one of the Specialist Editors of the 23rd Edition of MC Bhandari’s Guide to Company Law Procedures published by LexisNexis in 2016. His other publications include Corporate Directors-Roles, Responsibilities, Powers and Duties of Directors (2016, LexisNexis), Handbook on Company Law Settlement Scheme, 2014 (2014, Tranzission); Piercing Corporate Veil, Comparative Analysis of USA & Indian Corporate Law (2012, LAP LAMBERT Academic Publishing); Handbook on Mergers & Amalgamations (2012, Northern India Regional Council of the Institute of Chartered Accountants of India); Guide to Memorandum, Articles and Incorporation of Companies (2011, LexisNexis); Guide to Company Law Settlement Scheme (2000, Butterworth LexisNexis Wadhwa). Ashish Makhija was supported by: • Ishita Srivastava - Advocate, AMC Law Firm C K Nandakumar - Advocate, Karnataka High Court C K Nandakumar heads the Law Chambers of C K Nandakumar. He appears routinely in matters relating to corporate, commercial laws and civil laws and does a lot of arbitration work as well. He also lectures at various law colleges including National Law School of India University, Bangalore. Chitra Narayan - Advocate, Madras High Court Chitra Narayan has over 20 years of experience in Corporate-Commercial Law, specifically in Transaction Advisory and in Dispute Resolution. During this period, she has been a partner with leading law firms and has advised several companies. Chitra is an accredited mediator and co-founder of the Foundation of Comprehensive Dispute Resolution (FCDR), which provides private mediation services. Chitra is a specialist editor of A Ramaiya's Guide to the Companies Act (2015, LexisNexis). Chitra Narayan was supported by: • Thriyambak J. Kannan, an advocate based in Chennai, has been practicing corporate commercial law for eleven years. He has previously worked on Datar Commentary on the Constitution of India (2007, LexisNexis). Kaushik Dutta - Founder Director, Thought Arbitrage Research Institute (TARI) Kaushik Dutta is a former senior partner and member of India Leadership Team of PricewaterhouseCoopers (PwC), where he worked for over 22 years including 17 years as a partner with various practices including Audit, IFRS Leader, Global Capital Markets Group of PwC International and Corporate Governance. Since 2000, he has worked with the Naresh Chandra Committee, as a founding member of CII’s Corporate Governance Committee, Conference Board, USA, Institute of Directors (IoD), UK, Asian Development Bank (ADB), Ministry of Corporate Affairs, Comptroller and Auditor Generals’ Office, UN Global Compact, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Department for International Development (DFID), Asian Institute of Technology, Thailand, IIM, Calcutta etc. in areas of corporate governance. In 2011, he along with some former colleagues formed Thought Arbitrage Research Institute (TARI) as a not-for-profit think tank for research in areas of corporate governance, public policy and economics. He has been a member of the committee for developing a fraud prediction model for Serious Fraud Investigation Agency of Ministry of Corporate Affairs and Ministry of Defence’s Committee for formulating criteria for private sector participation in strategic partnership in Defence Production. Kaushik serves as an independent director on the Board of HCL Infosystems Ltd., HCL Services Limited, NDTV Limited, Zomato, New Gen Software among other companies. He has earlier authored Handbook for Independent Directors (2016, LexisNexis), co-authored two books with Kshama Kaushik-Corporate Governance: Myth to Reality (2005, LexisNexis) and India Means Business (2012, Oxford University Press) and regularly features in peer reviewed journals, academic and professional and popular press on the subject. Neeraj Vyas - Associate, Samvad: Partners Neeraj Vyas is a corporate and commercial lawyer working on M&A, private equity and venture capital transactions, general corporate and commercial advisory and joint venture transactions. Deals that Neeraj has worked on incude investments into financial services and intermediation, e-commerce companies and joint ventures of companies. Neeraj is a recipient of a scholarship for the Summer Academy of the World Trade Institute at Bern, Switzerland, for the years 2012-13. His prior publications include articles in reputed journals like NALSAR’s Journal of Corporate Affairs and Corporate Crimes and NUJS’ International Journal of Legal Studies and Research. Ramaswami Kalidas - Senior Vice President, Reliance Power Limited Ramaswami Kalidas is the Senior Vice President and Company Secretary of Reliance Power Limited with over 38 years of experience in the profession. He was a visiting faculty in XLRI, Jamshedpur, and has authored several articles on contemporary issues in corporate law, which has been published in leading journals. He is also one of the specialist editors of MC Bhandari Guide to Company Law Procedures (2015, LexisNexis). Ramaswami Kalidas was supported by: • Priyadarshini Mahapatra, a Senior Manager (Company Secretarial) at Reliance Power Limited, is a Fellow Member of the Institute of India and an Associate of the Institute of Chartered Secretaries and Administrators, UK, with over 14 years’ experience in the profession. R Sampath Kumar - Corporate Governance and Compliance Practice Head, Trilegal R Sampath Kumar heads the Corporate Governance and Compliance Practice at Trilegal, one of the top law firms in India. He specialises in company law and other corporate compliances. In a career spanning over 17 years, he has gained expertise through both in-house roles and legal practice. His role includes advising on high-value shareholder disputes, strategic inputs in cross-border investments and joint ventures, mergers and amalgamations, and compliance advisory under labour, corporate, foreign exchange and other legislations, for Indian and multinational corporate across industries. R Sampath Kumar was supported by his team comprising: • Ipsita Chowdhury - Senior Associate • Bhupinder Girdhar - Senior Consultant Siddharth Raja - Senior Partner and National Executive Director, Argus Partners Siddharth Raja is a gold medalist and a graduate with honours in law from India’s prestigious National Law School of India University (NLSIU) and holds an LLM from the University of Warwick Law School (where he was both a J N Tata and a British Chevening Foreign & Commonwealth Office scholar). With close to 20 years of experience working across the world in various corporate law firms, Siddharth was a founder partner of the pan-India law firm, Samvãd: Partners. He specialises in private equity and venture capital transactions as well as cross-border and domestic M&A, corporate finance and general commercial law. At the time of publication, Siddharth is the Senior Partner and National Executive Director of one of India’s leading law firms, Argus Partners. Siddharth has previously been a visiting faculty member at the Department of Management Studies of the Indian Institute of Science, Bangalore (where he taught a course on Business Law in 2006 and 2007), and currently delivers guest lectures to management students at the Indian Institute of Management Bangalore. Siddharth teaches a course on corporate law and M&A at both his alma mater, NLSIU as well as at the O P Jindal Global Law School. Siddharth Raja was supported by his team comprising: • Apoorva Chandrika - Associate, Samvãd: Partners, Bangalore • Surabhi Rao - Associate, Samvãd: Partners, Bangalore • Somsubhra Banerjee - Associate, Samvãd: Partners, Bangalore • Bhadra Menon - Associate, Samvãd: Partners, Bangalore • Monica Umesh - Associate, Samvãd: Partners, Bangalore Souvik Sanyal - Managing Consultant, Thought Arbitrage Research Institute (TARI) Souvik Sanyal is a qualified lawyer, currently working with Thought Arbitrage Research Institute (TARI), a not-for-profit organisation specialising in research in areas of corporate governance, public policy and economics. He has over seven years’ experience working with law firms and publication houses specialising in corporate governance and competition law. He has also contributed to the publication, Handbook for Independent Directors (2016, LexisNexis). Sudhanshu Kumar - Assistant Professor (Law) - National Academy of Legal Studies and Research (NALSAR), University of Law, Hyderabad Sudhanshu Kumar is Assistant Professor at the National Academy of Legal Studies and Research (NALSAR), where he lectures on corporate laws. His area of interest includes competition law, insurance laws and industrial laws. Sudhanshu is a specialist in corporate law and governance. He has revised and edited S M Dugar Guide to Competition Law (2016, LexisNexis) containing commentary on Competition Act, 2002, MRTP Act, 1969 and Consumer Protection Act, 1986."