Recently, the Supreme Court of India vide its judgement in IFB Agro Industries Limited v. SICGIL India Limited, (Civil Appeal No. 2030 of 2019, decided on January 4, 2023) dealt with the question of (a) scope and ambit of Section 111A of the Companies Act, 1956 ("1956 Act”), as amended by Section 59 of the Companies Act, 2013 (“2013 Act”), to rectify the register of members and (b) appropriate forum for adjudication and determination of violations and consequent actions under regulations issued by Securities and Exchange Board of India ("SEBI”).
Please find a copy of the judgement, here.
This update has been contributed by R. Sudhinder (Senior Partner) and Ekta Bhasin (Principal Associate)
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