Corporate and Other Laws - September 2025

Chicago Bricks Inc. is a company incorporated in Chicago, USA in the year 1985 engaged in the manufacture of cement and related products. On 10.04.2022, it commenced manufacture in India through its branch, engaged in the manufacture of fly-ash bricks used in construction of buildings and other infrastructural projects throughout the country. The operations of the branch have been growing at a fast pace. The turnover of the branch as on 31.03.2025 since its commencement are: FY 2022-23 ` 75…

Autumn and Spring Ltd. is a public limited company engaged in the business of manufacturing traditional designer garments for men and women for various festivities and occasions. The company was incorporated in the year 2023 and has a paid-up capital base of ` 200.56 crore and revaluation reserve of ` 75.45 crore for the financial year 2023-24. Members holding share capital worth ` 36.52 crore have jointly applied for calling of an extra-ordinary general meeting for transacting some urgent matters…

Fabricators and Mechanics Ltd. is a listed public limited company incorporated in the year 2023 with the object to manufacture and engage in the construction of iron-ore based infrastructure for various industries on a contractual basis. The company is having a paid-up share capital of ` 200.30 crore divided in 865 members holding rights to vote in meeting. The Annual General Meeting of the company was due to be held on 12.12.2023 at the registered office of the company in…

Sharp Surgical Ltd. is a public limited listed company engaged in the manufacture of surgical instruments with a nation-wide chain of dealers and retailers to facilitate the trade. It was incorporated in the year 2020. It has a paid-up capital of ` 350.10 crore with free reserves worth ` 156.70 crore with a secured business term loan of ` 56 crore from GHL Bank Pvt. Ltd. as at 31.03.2025. Lamp bell & Associates Chartered Accountants were appointed to conduct Statutory…

(a) Arch-Support Ltd. is a public limited company incorporated in 2018 having its registered office in Nashik, Maharashtra and engaged in the manufacture of sports shoes and related accessories. It has the following breakup of equity and preference share-capital: 1,20,000 Equity Shares of 100 each; 1,50,000 10% Preference Shares of 10 each. Ms. Martha, one of the elite members from Jaipur holds in her name equity shares worth ` 6,50,000 of the company as on date and also has beneficial…

(a) Referring the provisions for acceptance of deposits as laid under the Companies Act, 2013 and the relevant rules, define the term 'deposit' and examine the validity of each of the following proposals: (i) SK Textiles Limited wants to accept deposits of ` 1 crore from its members for a tenure which is less than six months. (ii) S, one of the directors of ATC Technologies Private Limited, a start-up company, requested K, one of his close friends to lend…