Considering the frequent changes in statute and onerous responsibility cast on directors and KMP, one must understand the critical issues and avoid speculative conjectures or avoid of taking benefit of gray area because we would never know when the government would comes up with any amendment or clarification and apply them retrospectively.
The Ministry of Corporate Affairs (MCA) recently amended the Companies (Share Capital and Debentures) Rules, 2014 (SCAD Rules) which would relaxed norms for shares with Differential Voting Rights (‘DVR’)that will help such companies to retain control while raising equity capital. The MCA move was long-awaited and follows closely on the heels of the Securities and […]
Introduction Though India has one of the best corporate governance framework, still we are witnessing the corporate scams, poor corporate governance which leading to corporate governance as an unfinished agenda for regulators and this creating the need for further reforms in corporate governance. The expectations of regulators from independent directors are increased now. Earlier the […]