Business Law and Corporate Law

On June 29, 2026, the Registrar of Companies, Gwalior (“ROC”), in the matter of EKI Energy Services Limited (“EESL”/ “Company”), adjudicated that an individual cannot simultaneously hold the office of whole-time director (“WTD”) and chief financial officer (“CFO”). In this article, we analyze the ROC’s findings, its legal reasoning, and the broader governance implications for Indian companies.

Argus Partners maintains offices in three major Indian cities: Mumbai, New Delhi, and Bengaluru. The firm provides legal services while adhering to Bar Council of India regulations that prohibit solicitation and advertising, requiring visitors to acknowledge specific disclaimers before accessing information.

In Oil Field Instrumentation India Pvt. Ltd. v. Xcalibur Multiphysics Group S.L. & Ors.1, the Bombay High Court considered a challenge under Section 37 of the Arbitration and Conciliation Act, 1996 (the "Arbitration Act") to an order refusing interim relief under Section 17. The dispute concerned an exclusive joint venture arrangement for conducting airborne geophysical surveys across a defined territory and a contract independently undertaken in Bhutan by an affiliate of one of the joint venture partners.