However, in practice Whenever a company is investigated or is in specific financial crises, the directors of the company usually plead ignorance and excuse themselves from the mess the company has landed in.
Due diligence is the process through which any prospective buyer of a company can check the financials, contracts and customers of the company to gather in any of the pertinent information regarding the company they want to invest in.
All the companies are governed and controlled by MCA that has issued specific guidelines for the companies that were incorporated on or after 2nd November 2018.
The Ministry of Corporate Affairs (MCA) has amended the rules pertaining to company incorporation for achieving clarity and uniformity while the applicant files for approval of the names of their company.
To make out a case of theft under IPC Section 378 following things are required – Wrongful Gain Take away movable property Dishonest Intention Wrongful Loss The company (Birla Corporation) filed a criminal complaint against Adventz Investments claiming that the commission of offences are punishable under Sections 379, 403 IPC read with Section 120-B IPC.
The complaint was filed by a person named Rohit Sharma before the District Forum that the mobile operator company, Airtel had illegally deducted Rs. 200 from his main account.
Vivek Anasane, the owner of an Indian beverage company had filed for a trademark named Glenfield with the UK Intellectual Property Office which was opposed by Glenfiddich, a 130-year-old scotch whiskey manufacturing company.