Companies Act
The Companies Act 2013 (No. 18 of 2013) is an Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on on 29 August 2013, and largely superseded the Companies Act 1956.
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Establishment of a Competing Business – Cannot Give Rise To A Legal Wrong
The establishment of a competing business which may have an adverse impact on his profitability cannot give rise to a legal wrong. Such actions are clearly barred on the principle of damnum sine…