Job or service!!! Whenever one hears the name of this precious or routine word nowadays, one picture depicts in once mind, i.e. person is going to office or work place by wearing official attire and return with boredom in the evening. Some of my colleagues agree with me that presently job timing has changed drastically. […]
In general, Director means a person who is in charge of an activity, department or entity. With regards to social norms, we can say that father of the children or bread winner of family is Director of the family. As per section 2(34) of the Companies Act, 2013 (hereinafter referred to as Act) Director means a director appointed to the Board of a company. Director appointed to the Board is an officer of the Company. Definition of ‘officer’ is given in Section 2(59) of the Act. That means director appointed to the Board is not an employee of the company, except he is in service or employment of the Company.
To become good CS, one should have positive & active attitude. Attitude here doesnt mean arrogance or disrespecting others. Attitude here means to have aura or you can say own personality (kuch bat honi chahye).
Final dividend is recommended by the Board of directors and it is declared by the shareholders at the Annual General Meeting (AGM). Generally, the articles of association (AOA) of Company provide that the shareholders cannot increase the rate or amount of dividend than the one recommended by the Board.
Independent Director is authorised / responsible for efficient functioning of Company, and is supposed to look after important matters of Company in independent way
With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them.
Career means what? People opine that career means to study and get good degree and get a well paid job or getting engaged in business / profession, which will fulfil all their financial needs. But friendly speaking, according to me and many of the reader here will also agree that career means to engage in an activity or profession which may boost their self esteem along with bread-butter.
Since the introduction of the Company’s Act Provisions and especially in the context of Sec. 180, 185 & 188 etc., Ordinary course of business word becomes the matter of discussion. Like, as per section 188, if Company does the transaction on the arm’s length basis and in the nature of ordinary course of business then no approval required for transacting business specified under section 188.
With the introduction of new Companies Act, 2013, there’s mandatory inclusion of at least one woman director in the Board of every prescribed class of companies
