CA, CS, CMA : Analysis of legal and ethical limits on an Independent Director becoming Statutory Auditor, focusing on cooling-off restrictions u...
Corporate Law : This piece explains that Independent Directors are not automatically liable, but face risk where knowledge, consent, or neglect is...
Company Law : Learn the role of Independent Directors (IDs) under the Companies Act, 2013, and SEBI LODR in ensuring good corporate governance....
Company Law : Erroneous MCA data classifying Independent Directors as 'Directors' leads to legal issues, prompting a systemic correction to prot...
Company Law : Resignations of Independent Directors raise concerns over their autonomy in promoter-led firms. A legal and governance review expl...
Company Law : 86% of Independent Director positions in CPSEs remain vacant. Govt follows a structured process for appointments through ministrie...
Company Law : ICSI requests amendments to Sections 204 & 149(6)(e)(ii)(A) of Companies Act,, to enable Company Secretaries in practice to be Ind...
Company Law : ICAI releases Technical Guide on the provisions of Independent Directors from Corporate Governance perspective Good Corporate Go...
Company Law : MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched ...
Company Law : Companies which do not have any of their Directors/Signatory details registered in the MCA2 1 system and who are desirous of filin...
Company Law : Delhi High Court orders MCA to review independent director's request for designation correction in official records to prevent und...
Fema / RBI : Madras High Court overturns wilful defaulter tag on former IAS officer, citing lack of evidence linking him to company's financial...
SEBI : Regulation 17(1A) is not applicable for the purpose of filling up a casual vacancy under Section 161(4) of the Companies Act. Reg...
Corporate Law : Sunita Palta & Ors. Vs. Kit Marketing Pvt. Ltd. (Madras High Court) Non-Executive Directors are, therefore, persons who are no...
Company Law : The company delayed appointment of independent directors despite crossing the threshold. The authority held that prolonged non-com...
Company Law : The issue involved non-compliance with Section 150(1) due to improper appointment of an independent director. The authority held t...
Company Law : The ROC penalized the company for not appointing an Independent Director from the IICA databank. The ruling highlights strict comp...
Company Law : The issue involved failure to appoint independent directors within the prescribed timeline. The authority held that delay constitu...
Company Law : ROC Ahmedabad imposed penalties after finding prolonged non-compliance with mandatory Independent Director requirements. The rulin...
Understand why independent directors are prohibited from receiving ESOPs under Indian law, while profit-based commissions are permitted with shareholder approval.
Adjudication of penalties on BCL Homes Ltd for violating Section 149(4) of the Companies Act, 2013. Details of penalties on the company and its officers.
Independent Directors cannot acquire sweat equity shares or ESOPs due to restrictions under the Companies Act and SEBI regulations, ensuring no pecuniary conflict.
Understand the key criteria for an Independent Director under Section 149(6) of the Companies Act, 2013, including integrity, expertise, and relationships.
Learn how to enroll in the Independent Directors Data Bank. Follow the step-by-step process and understand the benefits and requirements for empanelment.
MCA imposes penalties on Dalas Biotech Ltd and its director for failing to meet independent director requirements under Companies Act, 2013.
The appeal by Delta International Ltd against penalties for violating Section 203 was partly upheld, reducing penalties for Independent Directors.
Read about the MCA penalty on Shareway Securities Limited for failing to appoint independent directors under Companies Act, 2013. Detailed analysis and implications.
Khed Developers’ appeal against the penalty for lacking independent directors was denied. The Rs. 9.75 lakh penalty remains, reaffirming the importance of compliance.
The MCA penalizes Best & Crompton Engineering Projects Limited Rs. 7 lakh for failing to appoint independent directors as required under Section 149(4) of the Companies Act, 2013.
