Company Law : Learn how to enroll in the Independent Directors Data Bank. Follow the step-by-step process and understand the benefits and requir...
Company Law : Explore the responsibilities and duties of an independent director in a company, including governance standards, risk management, ...
SEBI : Delve into India's corporate governance evolution since the 1991 economic crisis, focusing on the role of independent directors. E...
Company Law : Explore vital provisions related to independent directors under Companies Act 2013 & SEBI regulations. Learn about eligibility, ex...
Company Law : Detailed steps for appointment of independent directors under Companies Act 2013. From databank selection to statutory disclosures...
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 : The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of ...
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 : Khed Developers' appeal against the penalty for lacking independent directors was denied. The Rs. 9.75 lakh penalty remains, reaff...
Company Law : Read about the MCA penalty on Shareway Securities Limited for failing to appoint independent directors under Companies Act, 2013. ...
Company Law : The MCA penalizes Best & Crompton Engineering Projects Limited Rs. 7 lakh for failing to appoint independent directors as required...
Company Law : Explore the adjudication order against KHED DEVELOPERS LIMITED by the Office of the Registrar of Companies, Maharashtra. Penalties...
Company Law : The Ministry of Corporate Affairs (MCA) has imposed penalties on United Telecoms Limited for violations related to an Extraordinar...
On 1st of March 2020, the Securities & Exchange Board of India (SEBI) came up with a consultation paper to review the regulatory framework for independent directors (IDs). The existing framework for independent directors includes sections 149, 150 and schedule IV of the Companies Act, 2013 and the SEBI Listing Obligations & Disclosure Requirements (LODR) Regulations.
An in-depth analysis of SEBIs consultative paper on the regulatory provisions related to independent directors. Learn about the proposed changes and their potential impact on corporate governance.
The Ministry of Corporate Affairs (MCA) vide notification dated 22.10.2019 notifies Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 (Amended Rules) to amend Companies (Appointment of Qualification of Directors) Rules, 2014 (Rules). The Amended Rules substituted Rule 6 of the Rules for addition of a new concept i.e. Registration on Independent Director’s Data […]
ICAI releases Technical Guide on the provisions of Independent Directors from Corporate Governance perspective Good Corporate Governance is the manifestation of beliefs, values and actions to ensure maximum value creation to the stakeholders. Value creation is a term broader than wealth creation. The objective of corporate governance is to enhance shareholder value keeping in view the interest […]
The Ministry of Corporate Affairs (MCA) vide its notification dated 18th December 2020 amended few provisions of the Companies (Appointment and Qualification of Directors) Rules, 2014 vide Companies (Appointment and Qualification of Directors) fifth Amendment Rules, 2020 With effect from December 18, 2020. Summary of Companies (Appointment and Qualification of Directors) fifth Amendment Rules, 2020 […]
These rules may be called the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.
Independent Directors – Companies Act, 2013 and SEBI (LODR) Regulations, 2015 Independent Directors are non-executive Directors who do not have any material or pecuniary relationship with the Company. The Provisions pertaining to Independent Directors as specified under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are elaborated below: Applicability of […]
The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Ministry of Corporate Affairs has enhanced the timeline regarding the duration of several schemes till the end of the year 2020 in the wake of constant disturbance caused by the coronavirus pandemic in certain parts of the country. […]
Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020 by the Government of India
Keeping in view the practical difficulties being faced on account of Covid-19, MCA to facilitate Ease of doing business has granted following reliefs to Companies/LLPs by way of Circulars and Amendments to Rules dated 28.09.2020: 1. Extension of Companies Fresh Start Scheme, 2020 (CFSS): CFSS Scheme which was to end on 30.09.2020 Vide General Circular […]
