Companies Act, 2013 provides that all the power which a company is authorized to exercise can be exercised by the Board of Directors, except those which are specifically reserved to be exercised in the general meeting. This provision underscores the importance of the role of Board of directors in a Company.
Secretary/EO has a prominent and multifaceted role at the Panchayat Level which includes, but not limited to, the following: To ensure that a Panchayat remains effective and efficient in its functioning. To discharge a supervisory role on behalf of Government ensuring that the funds are used productively, and in the best interest of the villagers.
The dictionary defines the word Emeritus as a person having retired but allowed to retain his title as an honour. In India, Corporate world has been witnessing the elevation of corporate stalwarts as Chairperson Emeritus (hereinafter referred to as CE). Following are some of the companies which have appointed senior Board members/Promoters to the above position: 1. Tata Sons […]
Amount to be contributed as specified under Companies Act, 2013? Section 135 provides that the companies, which are mandatorily required to spend towards CSR, shall spend at least 2% of their Average Net Profit (Calculated under section 198, and shall be exclusive of such sums as provided under CSR rules) of the preceding 3 Financial […]
