According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remuneration by way of a fee provided under section 197 sub section 5, reimbursement of expenses for participation in a board and other meeting and profit related commission as may be approved by the members.
Whether an Independent Director would be liable or not in a for a particular act or omission would depend on the facts of each case. But it is necessary that Independent Directors shall perform their duties diligently.
Discover the benefits of MSME registration, including tax exemptions, collateral-free bank loans, protection against delayed payments, increased exportability, and tax-related benefits.
It is mandatory for entities who have listed their equity shares on stock exchange to maintain a minimum public shareholding of 25%.
SEBI directs investors to link PAN with Aadhaar by March 31, 2023, for seamless transactions in the securities market. Learn how to link PAN with Aadhaar online.
Discover the importance of credit scores & how they impact financial decisions. Learn how to maintain a good credit score for better loan opportunities and financial stability.
Explore various exit modes for voluntary winding up of a company, including strike off and winding up under the Companies Act and Insolvency and Bankruptcy Code.
Learn about the significant amendments effective from April 1, 2023, under SEBI and Company Law. Understand actions required by companies regarding related party transactions, corporate governance provisions, filing financial results, CSR rules, and more.
Maximize Tax Savings AY 2023-24: Essential Documentation for Salary Deductions – A concise guide to documents required for claiming deductions.
The difficulty in transacting RPTs where shareholder’s approval is required as represented by HVDLEs is that the shareholding in HVDLEs is concentrated i.e. the shares are wholly/substantially held by one or few shareholders who are related parties.
