Understand Own Damage Motor Insurance, its coverage for natural and man-made disasters, and the step-by-step claim process. Learn about essential documents and key considerations.
An analysis of the Audit Committee’s authority over omnibus approvals for related party transactions under Indian company law, including criteria, limitations, and the implications of unratified transactions.
The Supreme Court clarified the definition of ‘owner’ under Section 2(30) of the Motor Vehicles Act, establishing that the registered person is liable, especially in unregistered vehicle transfers, for compensation claims.
Overview of insolvency resolution for non-corporate MSMEs, detailing current IBC provisions, the Pre-packaged Insolvency Resolution Process (PPIRP) for corporate MSMEs, and international approaches to address non-corporate insolvencies.
Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court’s decision against LIC’s refusal to register assignments.
Forensic audits detect financial crime and fraud, crucial given rising digital fraud. Company Secretaries, with their legal and investigative skills, are suited to perform these specialized audits, ensuring compliance and aiding legal proceedings.
The RBI has issued guidelines for Regulated Entities to combat financial fraud via voice calls and SMS by utilizing DoT’s Mobile Number Revocation List, adhering to specific numbering series for communications, and enhancing customer awareness.
Borrowing from directors requires Audit Committee approval as a related party transaction under the Companies Act, 2013, even if not covered by Section 188. Post-transaction approval may be voidable.
India’s CCPA issued 2024 guidelines to curb deceptive advertising by coaching centers, mandating transparency and prohibiting false claims about success rates, faculty, and guaranteed outcomes.
Secretarial auditors must maintain professional skepticism and judgment to detect fraud by company officers or employees, reporting findings to management, the Board, or the Central Government as per Companies Act, 2013 regulations.
