Principles of Natural Justice to be followed before branding a company a Shell Company, Gauhati HCApril 19 2019
Recently, the Gauhati High Court, in Assam Co. India Ltd. v Union of India (2019) 213 Comp Cas 420 (Gauhati), held that the term “shell company” is not defined in any statute, and as such, an order branding any company as a shell company, without serving notice or hearing, violates principles of natural justice.
Facts of the case
In the instant case, the petitioner was in the business of cultivation and manufacture of . . .
You need to have an active subscription to view this content.
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports