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...
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 one director in every company, under section 149 of the Companies Act, 2013 shall not be treated as non-compliance for the financial year 2020-2021 also.
The issue under consideration is whether the ROC is correct and empowered to deactivate the Director Identification Number (DIN) of the director due to his disqualification in one company?
Companies Fresh Start Scheme, 2020 provides an opportunity for active companies who may have defaulted in filing of documents, to put their affairs in order. It thus provides Directors of such companies a fresh cause of action to also challenge their disqualification qua the active companies.
AI-DIRECTOR Stands for Artificial Intelligence Director The world lacks leaders as traditional knowledge makes the leaders of no use. The director’s qualification in the companies ACT is legal framework but in real terms, the definition needs to be broad-based. The role of the directors and the board composition will be one of the biggest challenges […]
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
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, 2013 and such a director can be either executive or non-executive or independent or non-independent director.
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.
The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of directors which include the duty to act in good faith in best interest of company, to act with due and reasonable care, skill and diligence, to avoid any conflict of interest, to desist from achieving any undue gain or advantage. These duties would also be applicable for independent directors.
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
The Government has said that the Department of Public Enterprises has so far not issued any guidelines regarding the assessment of working of non-official Directors on the Board of Central Public Sector Enterprises (CPSEs).
