Dismissing the mother's appeal and upholding the trial court order, the high court said, “ Appellant who is the mother of late Ravi Somanakatti, the insured, is one of the Class-I heirs, along with widow and minor son of the insured. Since this Court has taken a view that the Section 39 of the Act of 1938 does not override …
Replacing the nearly six-decade old regulations for corporates, the new Companies Act makes it mandatory for certain class of profitable enterprises to spend money on social welfare activities and such expenses are estimated to total about Rs 15,000-20,000 crore a year. New Delhi: Moving ahead with implementation of the new companies law, government will soon begin notifying detailed rules for …
