directors

Analysis of Law of Principle of Proportional Representation for Appointment of Directors

Company Law - As per the scheme of the Company jurisprudence the appointments of directors at the meetings of the shareholders are done through simple majority. Therefore the simple majority has the right to elect all the directors and a substantial minority cannot succeed in placing a even a single director on the Board....

Rights, Duties, Powers And Accountabilities of Part-Time Directors

Company Law - A Director includes any person occupying the position of Director, by whatever name called [Sec.2 (13)]. Directors occupy a key position in the management of the company. While they are entrusted with wide powers they are also accountable to the company....

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Directive on Women Director : 1332 Companies not Complied

Company Law - The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013. SEBI has mandated that listed companies to appoint one woman director on its board. Companies can appoint any woman as director who is not otherwise disqualified for appointment as a director in terms of requirements of the Companies Act, ...

Online database of Board of Directors of Central Public Sector Enterprises (CPSES)

Company Law - The Department of Public Enterprises (DPE) has taken the initiative to build and maintain a database of incumbents of Boards of Directors of CPSEs. In its Results Framework Document for the year 2009-10, DPE had committed to launch an online portal for database of Directors of CPSEs by 15th March, 2010....

Corporate Affairs Ministry may soon introduce the concept of ‘knowledge test’ for directors

Company Law - The Corporate Affairs Ministry wants to introduce a new concept called the ‘knowledge test’ to find out if directors had previous knowledge of a company’s wrongful acts. As a first step, it would be ensured that the board processes are totally transparent. If it is found that the board papers had a mention of any wrongful act, and a...

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Director not responsible for cheques issued after his resignation -section 141 of Negotiable Instruments Act, 1881

Harshendra Kumar D Vs Rebatilata Koley Etc. (Supreme Court of India) - These 18 appeals, by special leave, are directed against he common judgment and order dated September 6, 2007 passed by Calcutta High Court whereby 18 criminal revision applications filed by the appellant for quashing the proceedings initiated by the...

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AOC-4 certification by CA, CS, CMA & Revised fees for DIN allotment & Surrender

G.S.R. 1049(E). - (07/11/2016) - AOC-4 certification by the Chartered Accountant or the Company Secretary or as the case may be by the Cost Accountant, in whole- time practice...

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