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    Synopsis - Company Sem-5 Project

    Uploaded by

    Ishita Uprale
    On group companies

    Copyright:

    © All Rights Reserved
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    Synopsis - Company Sem-5 Project

    Uploaded by

    Ishita Uprale
    9 views3 pages
    On group companies

    Original Title

    Synopsis- Company sem-5 project

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    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    On group companies

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views3 pages

    Synopsis - Company Sem-5 Project

    Uploaded by

    Ishita Uprale
    On group companies

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    GROUP COMPANIES: ANALYSING THEIR LEGAL PERSONALITY IN INDIA

    Project towards the fulfilment of Mid-Term examination in the subject of

    COMPANY LAW- I

    SUBMITTED BY: SUBMITTED TO

    AYUSHMAN RAI (2124) & PROF. SARTHHAK MISHRA

    ISHITESHWARI (2141) ASSISTANT PROFESSOR

    UG SEMESTER-V (FACULTY OF LAW)

    B.A. LL.B. (HONS.) NATIONAL LAW UNIVERSITY,


    JODHPUR
    SYNOPSIS

    Abstract

    The concept of group companies has gained significant importance in the global business
    landscape, including in India. Group companies, typically comprising a parent company and
    its subsidiaries, operate as a unified economic entity, although legally distinct. The legal
    personality of these entities, especially in the context of their operations, liability, and
    regulatory obligations, presents complex challenges. This project aims to analyze the legal
    framework governing group companies in India, focusing on their legal personality, inter-
    company liabilities, and the implications for stakeholders.

    This project aims to analyze the legal personality of group companies in India, with a
    particular focus on how the corporate veil doctrine is applied in the Indian legal context.
    Group companies, often comprising a parent company and its subsidiaries, operate as distinct
    legal entities but are frequently interconnected through financial, operational, and managerial
    ties. This research explores the complexities surrounding the recognition of these companies
    as separate legal entities, despite their collective functioning under a common control.

    The study examines the statutory framework, judicial interpretations, and key legal principles
    that govern the treatment of group companies in India, particularly under the Companies Act,
    2013. It also delves into the circumstances under which Indian courts may pierce the
    corporate veil to hold parent companies liable for the actions of their subsidiaries, thereby
    challenging the concept of separate legal personality.

    Through a comparative analysis with international practices, this project seeks to highlight
    the unique challenges and legal considerations faced by group companies in India. It also
    aims to provide insights into the evolving jurisprudence and regulatory trends that could
    impact the future legal landscape for these entities. The findings of this research are expected
    to contribute to a deeper understanding of corporate law in India, particularly in the context
    of corporate governance and liability.

    Research Questions—
    1. How does the concept of separate legal personality apply to group companies in
    India?
    2. What are the legal implications of inter-corporate transactions within group
    companies in India?
    3. How do Indian courts approach cases involving liability and obligations of group
    companies?

    Conclusion:

    The project will contribute to the academic and professional discourse on corporate law in
    India, providing valuable insights into the complexities of group companies' legal personality.
    It will also offer practical recommendations for policymakers, regulators, and corporate
    entities to enhance the legal framework governing group companies in India.

    This synopsis outlines a detailed plan to analyze the legal aspects of group companies in
    India, providing a roadmap for thorough research and meaningful conclusions.

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