MMJC Insights dated 18 February 2022 - MMJC

This issue of MMJC insights dated 18 February 2022 covers the following:

1. Report on Corporate Social Responsibility in e-form CSR-2. 
2. Critical Aspects Post Merger/Amalgamations under the Companies Act, 2013
3. An important case in which the court has highlighted that the interest of shareholders is of utmost importance and that exemptions granted by way of notification by ministry can be availed only if it is in the interest of the shareholders and if it is not, then transactions may be held as illegal transaction – Sulochana Gupta and Minakshi Gupta V. M/s RBG Enterprises Private Limited, M/s. RBG Trading Corporation Private Limited, M/s. RBG Retail Private Limited and others NCLT Kochi Order dated 31 December 2021
4. An interesting IBC case wherein the NCLAT has discussed the real test to understand who actually has ‘Control of the Company’ – Order in the matter of Telangana State Trade Promotion Corporation (Appellant) Vs.   A.P. Gems & Jewellery Park Private Limited & Anr (Respondent) as passed by the National Company Law Tribunal (NCLAT) Chennai on 21 September 2021

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