SME Exchange provides a great opportunity to small and medium enterprises to raise equity capital for the growth and expansion of their business. SME exchange is a stock exchange for trading the shares of small and medium enterprises who otherwise would find it difficult and costly to get listed in the main board of a […]
What will happen if you have lost an important jewel? The thought itself can cause you distress, as per the current data an Estimated Rs. 22,000/- crore of investors wealth is lying unclaimed with the insurance companies, mutual fund, corporate houses, banks & Employee provident fund organisation, There are many who have witnessed the accidental […]
If the office or place of profit is held by the director and obtains from the company anything by way of remuneration to which he is entitled as a director, whether as salary, fees, commission, perquisites, the right to occupy free of rent any premises as a place of residence or otherwise.
An overview of Companies (Creation and Maintenance of Databank of Independent Directors) Rules, 2019 Independent Directors serve as an important Institution of corporate governance contributing significantly at the boards by bringing a diverse set of skills with an independent judgement on the significant issues. The Desirable Corporate Governance Code by CII (1998) for the first […]
Deposits, its implication, exemption & penal Provision Under Companies Act, 2013 Deposits refer to accepting of loans and advances by a company from its member or from public subject to certain terms and condition which are required to be fulfilled as per the Companies Act, 2013. Deposit Excludes: – 1. Any amount received from Central […]
SME means Small and Medium Enterprise under section 7 of the ‘Micro, Small and Medium Enterprises Development Act, 2006’ which classifies micro, small and medium enterprises into the following: A micro enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees; […]
With the enactment of Companies Act, 2013 and making it mandatory to have women Director on Board for certain class or class of Company, it has defiantly raised a bar, so the governance. The increase in number of Women Director is 3-fold in last 3 years and around 17% of 500 fortune Companies are led […]
Independent Director – A Brief Introduction About Eligibility, Powers, Appointment Terms An Independent Director has always been a person of high regard and intellect, he is always been a person who is a face of governance in the Board. An independent director is a non-executive director of a company who meets the criteria of being […]
Insolvency and Bankruptcy Code, 2016 was enacted with an aim to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the […]
Before we start with related party transactions, we have to understand that as per Company law powers of the Company are exercise either by the Board of Directors or by Shareholders. The relationship between the Board of Directors and Shareholders is like a federation. Some powers are exclusively reserved for the Board of Directors and […]
