Introduction The basic principle governing the management of a corporation’s affairs is that “the courts will not, in general, intervene at the request of shareholders in matters of internal administration; and will not interfere with the management of a corporation
White-collar crime was first defined in the year 1939, by a sociologist and most influential criminologist of the 20th century, Edwin Hardin Sutherland, as “crimes committed by people who enjoy the high social status, great repute, and respectability in their occupation”. Associated with the corporate sector, white-collar crimes are defined as non-violent crimes, generally committed by businessmen and government professionals. In layman language, crimes committed by people who acquire influential positions in a company are termed white-collar crimes. India is a developing country and white-collar crimes are becoming a significant factor for its underdevelopment. The trend of white-collar crimes in India poses a threat to the economic development of the country. These crimes require prompt intervention by the government by not only making stringent laws but also ensuring their effective implementation.
Meaning and concept of a nominee director A nominee director is a person appointed to the board of directors of a corporation by an institution, such as a bank or a financial institution, in which the institution has an interest.
What is Audit? “Audit” means to examine something thoroughly. “Auditing is an independent inspection of the financial information of any organization; whether profit-oriented or not profit-oriented, irrespective of its legal form, status or size when such examination is conducted with
Meaning of a Company As per section 2(20) of the Companies Act, 2013 “company” means a company incorporated under Companies Act or under any previous company law. A company may be defined as “an incorporated association which is an artificial person, having
“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance
Writ Petition Civil no. 604 OF 2013 Introduction The phrase “transgender” is a blanket term for people whose gender identity does not conform to the gender assigned to us. For some people, gender evolves differently and does not fit into
Case no. Writ Petition(Civil) 316 of 199 Introduction According to Bhagwati, J., Article 21 “embodies a constitutional value of supreme importance in a democratic society.” Iyer, J., has characterized Article 21 as “the procedural Magna Carta protective of life and liberty. This
Abstract In White collar crime, Corporate Crime is also classified as Organizational or Occupational Crime. The offence committed by the Corporation, as a separate legal body, varies from that of a normal individual, and the Corporation is responsible and guilty
Equivalent Citations: (1997)1 SCC 388 Introduction The Doctrine of Public Trust, which has its origin in the Roman Law, primarily rests on the principle that certain resources including air, sea, waters and the forests have such a great importance to
