"www.madhavilakhotia.com | Madhavi is a corporate lawyer who works as an in-house corporate counsel in the Group Legal team of Centrum India, an integrated financial services group. Madhavi holds an LL.M. in Corporate and Financial Laws from Jindal Global Law School. She is also an Associate Company Secretary. She holds Bachelor of Legal Sciences and Bachelor of Law from University of Mumbai, a Post Graduate Diploma in Business Corporate Laws from Symbiosis and Diploma in Cyber Laws from GLC. Madhavi is a doctoral candidate at the Rushford Business School, Switzerland, from where she is specializing in the stream of Finance and Law. Prior to joining Centrum India, Madhavi has worked for ~5 years in the legal and secretarial team in Tata Industries Limited, which is the incubation wing of the House of Tata. Madhavi has also interned at Trigyn Technologies Limited, a MNC, listed on both BSE & NSE., wherein she stepped into the world of secretarial domain."
In 1997, there was no law pertaining to sexual harassment at workplace, the Hon’ble Supreme Copurt relied upon International Conventions and norms which played a significant role in the interpretation of gender equality, right to work with human dignity under Articles 14, 15, 19(1)(g) and 21 of the Constitution and stated that the safeguards against sexual harassment are implicit under the aforementioned Articles.
♦ Section 135 r/w Schedule VII of the Companies Act, 2013 (2013 Act) introduces the concept of Corporate Social Responsibility (CSR) as a statutory obligation of companies. Further, Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules 2014) deal with the CSR norms in detail. Vide notifications and/or amendments, more activities have been added to […]
The RBI Committee was formed under former Corporate Affairs Secretary, Mr. Tapan Ray to suggest a new regulatory and supervisory framework in light of the bust up of IL&FS in 2018. IL&FS was declared insolvent in September 2018 after it failed to honour its debt which was distributed among its 347 group companies. The complex […]
WITHDRAWAL OF PROVIDENT FUND Employee Provident Funds Scheme, 1952 Chapter VIII of the Employees’ Provident Funds Scheme, 1952 provides the purposes for which Provident Fund (PF) can be withdrawn by the member employee, such as: Para 68 B/BB/BC Housing Loan/ Purchase of site/House/Flat or for construction/ Addition, alteration in existing house/Repayment of Housing loan Para […]
Disqualification, Personal Liability and Other Penal Consequences for Directors of a Company Disqualification of Directors as per Companies Act Ineligibility Of Being Appointed As A Director Section 164 of the Companies Act, 2013 prescribes certain conditions which make a person ineligible for appointment as a Director in any company. As per Sub-section (1) of this […]
MAINTENANCE CHARGES AND THE LAW ON PAYMENT OF INTEREST MAINTENANCE CHARGES AND INTEREST Real Estate (Regulation and Development) Act, 2016 1. Maintenance charges involve a contractual element between the buyer and the developer. It is included in the allotment letter, initially issued to the buyer after he has paid the booking amount. 2. Every housing […]
-Section 68 of the Companies Act, 2013 empowers a company to purchase its own shares or other securities in certain cases. -Sections 68 to 70 of the Companies Act, 2013 and Rule 17 of the Companies (Share Capital and Debentures) Rules, 2014 deal with buy-back of shares. 1. Sources of Buy-Back: A company may purchase […]
A Regulatory agency is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. Regulatory Agencies are either set up under a statute or derive their powers from a statute and the rules laid thereunder. For instance, Reserve Bank of India (RBI), […]
SELECT THE TYPE OF COMPANY Section 3(1) of the Companies Act, 2013 provides that a company may be formed for any lawful purpose by: 1. Seven or more persons, where the company to be formed is to be a public company; 2. Two or more persons, where the company to be formed is to be […]
1. Introduction As per Section 455 of Companies Act 2013, where a company is formed and registered for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such company or an inactive company may make an application to the Registrar for obtaining a status of the dormant […]
