Winding Up (Under Companies Act, 2013 and Insolvency And Bankruptcy Code, 2016) Winding up means a proceeding by which a company is dissolved. The assets are disposed, the liabilities are paid, and the surplus, if any, is distributed among the shareholders/ members in proportion to their shareholding in the company. Winding up proceedings are governed […]
WHO CAN BE AN INDEPENDENT DIRECTOR / ELIGIBILITY CRITERIA: [Section 149(6)] An independent director in relation to a company, means a director other than a managing director or a whole-time director or a nominee director— a. who, in the opinion of the Board, is a person of integrity and possesses relevant expertise and experience; b. […]
