The Literal Rule starts with the plain words of the law, while the Purposive Rule focuses on the intent and objective behind it.
Neither is superior — they work together and complement each other to ensure legislation is interpreted both as written and as intended.

The Article is written by Ms. Priyanka Sharma!

The post The Legislative Dilemma: Words vs Intent? Knowing when to apply the literal rule Vs. purposive approach first appeared on MMJC.

This article discusses the doctrine of indoor management, which protects outsiders who honestly rely on the public record, while holding the company responsible for its own internal compliance. Even today, with exceptions for fraud and modern disclosure laws, it ensures business moves quickly on trust and keeps the cost of internal failures with the company itself.

The Article is written by Mr. Darshan Chheda

The post Corporate Transactions and Third-Party Protection – The Doctrine of Indoor Management and its Continuing Relevance in Indian Corporate Law first appeared on MMJC.

The Board cannot approve actions that violate the Companies Act, even if they seem beneficial to the company, because law overrides convenience. The doctrine of ultra vires serves as a constitutional check on corporate power, preventing directors from bypassing procedures and expanding their authority without accountability.

The article is written by Ms. Dhanakshi Bhanushali 

The post Staying within bounds: How the doctrine of ultra vires keeps board actions in check. first appeared on MMJC.

Succession planning, particularly for the Board of Directors and Key Managerial Personnel (KMP), is no longer optional – it is a strategic imperative. Unplanned exits of CS, CEOs, CFOs, or board members can create vacuums that damage operational efficiency and market confidence. A well-articulated succession plan mitigates this risk.

The article is written by Mr, Nikhil Bonde

The post Succession Planning for Boards and KMP – precedents and ideal policies first appeared on MMJC.

The article is written by Ms. Mahek Saxena.

The post Company Secretaries: More Than Compliance Officers Are True Governance Professionals first appeared on MMJC.

The article is written by Ms Riti Gandhi – Management Intern at MMJC.

The post Role of CS in Viksit Bharat first appeared on MMJC.