...; • balance the conflicting interest of the stakeholders; … • moderate and arbitrate in the interest of the company as a...- … (6) Monitoring and managing potential conflicts of interest of management, members of the board of directors and shareholders, inclu.... (3) Members of the board of directors shall act on a fully informed basis, in good faith, with due diligence and care, and in the best interest of the l...

...dated 15.12.2014, the petitioner referred to the disputes and invoked the arbitration agreement. The petitioner also stated that the Managing Director of the respondent is on its Board of Directors and that there would be a...the respondent.7. In these circumstances, there is likely to be a conflict of interest as far as the Managing Director is concerned. For instance, the Managing Director would be privy to...arbitrator on account of a conflict of interest, he cannot possibly be a fit person to nominate an arbitrator himself. A view to the contrary would be a contradiction in terms.9. In the...

...have been a conflict with the interests of the company. As already stated above, the directors were bound to disregard their own private interest where a regard of those interest came in ...business interest of the assessee the expenditure is not allowable one.6. The Tribunal noted that the assessee-company is a closely held company and all the four directors are closely...facts and in the circumstances of the case, the Tribunal was justified in holding that the sum of Rs. 30,000 paid to the two directors, B.K Khanna and K.N Khanna, is not an allowable deduction?” The...

...which Exhibit P9 order was passed having not been disclosed to the petitioner earlier to Exhibit P9 and (ii) the conflict of interest insofar as the Directors of the respondents 3 to 5 being members ...respondents 3 to 7, who were granted licenses, having their Directors in the Board of the 1 respondent. This raises serious question of conflict of interest and vitiates the very issuance ...petitioner is with respect to the conflict of interest, insofar as the respondents 3 to 5 having its Directors in the Board of the 1 respondent. Two Directors of the 3rd respondent and on...

...shall be no conflict between the personal interest of each of the directors and their duty towards the company without the nature of that interest being disclosed to the ...company from getting the board of directors to agree to it without informing the co - directors of his interest and by taking part in the votingit is this conflict between the personal or self ...in sub - section (i) , it might be useful to refer to the terms of section 9ia, which also refers to an interest on the part of the directors in a contract or arrangement with the company...

...Directors to current shareholders as sellers of their shares. In case of conflict between two interests, the company's interest must be protected. The Directors, however, will have a fiduciary rel...company, are they trustees for individual shareholders? The Chancery Division despite holding that the Directors must act bona fide and for the best interest of the company did not accept the argument...benefit of the Directors holding:“If the shares are issued in the larger interest of the Company, the decision to issue shares cannot be struck down on the...

..., concluded that opening of large accounts for its directors and relatives lead to a conflict of interest between the activities of the noticee as DP and that of its directors. T...elaborate the kind or nature of conflict of interests and how such conflict is in contravention of any provision of law or injurious to market. In the absence of these details, I find it ...UNDER REGULATION 28 (2) READ WITH REGULATION 38(2) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (INTERMEDIARIES) REGULATION, 2008 1. Securities and...

...interest of each of the directors and their duty towards the company without the nature of that interest being disclosed to the directors and the shareholders. When there is a possibility...company. In both these situations, what is aimed at is the avoidance of a director who has a personal interest in a transaction of the company from getting the board of directors to agree to it without inf..." in Sub-section (1), it might be useful to refer to the terms of Section 91-A which also refers to "an interest on the part of the directors in a contract or arrangement with the company...

...: 4.1.1 The administrative works including processing of complaints, conduct of inspections/ disciplinary proceedings are being done by the directors of RVO ESMA themselves. The ...committees are functioning very smoothly and best of their ability and also for the best interest of its members as well as the RVO under the management of the chairmanship with the independent directors a...that there were no complaints ever been received so far against this RVO regarding its administration. Under the aforesaid facts and circumstances, the allegation of conflict of interest has been made based on surm...

...transactions were related party transactions, due to which functional independence and day to day operations were in conflict of interest. It is further submitted that the directors of the company...Independent Auditor appointed herein assessing that there was increase in liability without any increase in asset size in the company and that the company was working to the detriment of the interest...of its stakeholders and may soon go into insolvency. Hence this Tribunal found it fit that the Company be wound up in the interest of all the stakeholders. Provisional Liquidator was appointed under...

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...of the Company, its employees and the shareholders. A Director shall not involve in a situation in which he may have a direct or an indirect interest that conflicts or possibly may conflict with the interest ...interest in the dispute would be entitled to make an appointment. It is argued that be it a party as an individual or Board of Directors or a Company, no distinction can be drawn applying the...Board of Directors will have an interest in the outcome of the dispute. In the opinion of this Court, the clause is directly hit by the law laid down in the case of Perkins (supra) and the petitio...

...interested needs to be imposed. Appropriate legal procedures may be initiated to ensure that there is no conflict of interest in the grant of loans and advances to the directors and their relatives and...extend any other financial accommodation to its directors and their relatives. The term ‘financial accommodation’ and ‘relative’ had been defined in the annexure of the order and the relatives include...expedient in public interest and in the interest of the Banking policy or to the interest of the depositors or to the interests of the banking company generally, power is there to issue circulars...

...and managing potential conflicts of interest of management, members of the board of directors and shareholders, including misuse of corporate assets and abuse in related party transaction...(hereinafter referred to as SEBI) dated December 24, 2019 whereby a total penalty of Rs. 5 lacs has been imposed on six of the appellants who are directors of Ritman Infra Ltd., appellant No. 1 company. Out...of this, Rs. 3 lacs has been imposed jointly and severally on two of the directors, namely, Mr. Parag Majmudar and Mrs. Falguni Majmudar for violation of Regulation 4(2)(f)(i)(1) of the Securities and...

...respective application forms. It is apparent that there is a conflict of interest between the activities of DBSBL as a DP and that of its directors as multiple applicants in the IPOs...interest of the directors family members and has not quite associated with any public customers. (ii) DBSBL presently has permitted opening of multiple accounts within the family in...:- (i) that they are doing proprietary business and securities remain in safe custody and control and the question of misuse or any conflict of interest does not arise. Interim Order - IPO...

...potential of conflict of interest. It was in that context that in the minutes of 47th meeting of the Board of Directors of respondent No. 1, it was recorded as under:...11.08.2010 would reveal that it was based on consent and temporary arrangement, in spite of the contract with the petitioner having been resolved to be terminated by the Board of Directors of respondent...ORAL ORDER(Per : HONOURABLE MR. JUSTICE D.H WAGHELA)1. Amendment of the petition as per draft amendment submitted today is allowed.2. The...

...management/Directors of the CD. Mr. Agrawal has admitted in reply to DIR that the notices were not served to the erstwhile Board of Directors since the agendas in these meetings were in conflict with the ...management in their presence would be hit by conflict of interest and it would have been highly improper to do so in the fitness of things. It was due to this reason alone that Mr. Agrawal refrained from...Section 24 (3)(b) of the Code provides that the RP shall give notice of each meeting of the committee of creditors (CoC) to members of the suspended Board of Directors or the partners ...

...respective application forms. It is apparent that there is a conflict of interest between the activities of DBSBL as a DP and that of its directors as multiple applicants in the IPOs....selected by the DPs. The allegation therefore is not warranted by any statutory provision and the suggestion that there is conflict of interest is without any basis.(v) There is no...interest of the director's family members and has not quite associated with any public customers.(ii) DBSBL presently has permitted opening of multiple accounts within the family in...

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...Respondents. According to the Appellant, the CPIO and FAA, who responded to her RTI application, are both on the Board of Directors of METCO. She has alleged that they have passed biased orders due to their ...File No. CIC/VS/A/2013/001887/SH Right to Information Act2005Under Section (19) Date of hearing Date of decision 14th October 2014 24th October 2014 Name of...the Appellant : Ms. Abha Dastane Rao, C/o Mrs. Mrinalini V. Gavde, E5/11, Arena Colony (NonCommercila Area), Bhopal, M.P. 462 016 Name of the Public Authority/Respondent : Central...