Company Law : Summary: The Directors’ Report is a crucial document required by the Companies Act, 2013, which mandates that every company&...
Company Law : In-depth understanding of the Director's Report under the Companies Act, 2013. Know what it includes, its importance, mandatory as...
Company Law : All of us have started experiencing the heat towards the compliance mechanisms being put up by the statutory/regulatory authoritie...
Company Law : The board of Directors is the supreme authority having the management and control of the affairs of a company. They have a fiducia...
SEBI : Key Takeaways of SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 (LODR) SEBI vide its ...
SEBI : The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013. SEBI has mandated that listed ...
Company Law : The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of ...
Company Law : The Government has said that the Department of Public Enterprises has so far not issued any guidelines regarding the assessment of...
Company Law : The role of independent directors (IDs) on the board of Indian companies will be clarified in the new Companies Bill and their res...
Company Law : A parliamentary panel of experts studying the new Companies Bill is likely to come up with suggestions in this regard, said a corp...
Company Law : Sandeep Ahuja Vs Union of India & Ors. (Delhi High Court) The Petitioner is a Director in five companies. Due to non-filing of...
Company Law : Delhi HC sets aside director disqualification in Anjali Bhargava vs Union of India case. Reactivation of DIN and DSC ordered for C...
Company Law : The issue under consideration is whether the ROC is correct and empowered to deactivate the Director Identification Number (DIN) o...
Company Law : Companies Fresh Start Scheme, 2020 provides an opportunity for active companies who may have defaulted in filing of documents, to ...
Corporate Law : These 18 appeals, by special leave, are directed against he common judgment and order dated September 6, 2007 passed by Calcutta H...
Company Law : It is hereby clarified that non-compliance of minimum residency in India for a period of at least 182 days in a year, by at least ...
Company Law : AOC-4 certification by the Chartered Accountant or the Company Secretary or as the case may be by the Cost Accountant, in whole- t...
Service Tax : Payments termed as ‘commission’ made to a Managing Director/ Directors, whether whole-time or independent, would not be ‘com...
Summary: The Directors’ Report is a crucial document required by the Companies Act, 2013, which mandates that every company’s Board of Directors attach their report to the financial statements presented at the annual general meeting. The report must include various disclosures, as stipulated by the Act, and in the case of listed companies, additional requirements […]
In-depth understanding of the Director’s Report under the Companies Act, 2013. Know what it includes, its importance, mandatory aspects, and penalties for non-compliance.
All of us have started experiencing the heat towards the compliance mechanisms being put up by the statutory/regulatory authorities. As the Cost Records and GST records both use the HSN codes for reporting purposes, leniency in the maintenance of cost records or missing out on getting the cost audit conducted can cost a lot to the organisations.
The board of Directors is the supreme authority having the management and control of the affairs of a company. They have a fiduciary duty to the company and its shareholders, which means to say that they are responsible for conducting the affairs of the company in a way that ensures success and profitability and thus […]
Key Takeaways of SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 (LODR) SEBI vide its notification dated 03rd August, 2021 have amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”) for the third time in 2021. Such an amendment has been published in the official gazette on 03rd […]
Appointment of a director in case the number of directors fall below the statutory limit As per Section 149(1): Every company shall have a Board of Directors consisting of individuals as directors and shall have a minimum number of: 1. three directors in the case of a public company, two directors in the case of […]
Sandeep Ahuja Vs Union of India & Ors. (Delhi High Court) The Petitioner is a Director in five companies. Due to non-filing of annual returns and balance sheets in one of the companies, the Petitioner was disqualified as a director in 2017 with effect from 1st November, 2017 to 31st October, 2022 under Section 164(2)(a) […]
Section 169 of the Companies Act, 2013 (Act) deals with the procedure of Removal of Directors. The write up mentioned below endeavours to answer some of the frequently asked questions relating to removal of directors: Who can exercise the right of removing a director from a company? The shareholders of a company may pass an […]
Delhi HC sets aside director disqualification in Anjali Bhargava vs Union of India case. Reactivation of DIN and DSC ordered for CFSS-2020 benefit.
[MCA General Circular No. 36/2020 dated 20th October, 2020 – Special Measures under the Companies Act, 2013 and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak- Extension-reg.] Looking at continuous widespread of COVID-19, pandemic, Ministry of Corporate Affairs (‘MCA’) has further issued General Circular No. 36/2020 dated 20th October, 2020 whereby MCA has further […]
