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...
MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched for ease of doing Business, Schemes extended are as follows:- 1. Companies Fresh Start Scheme, 2020 2. LLP Settlement Scheme, 2020 3. Scheme for relaxation of time for filing forms related to Creation or Modification of […]
The Ministry of Corporate Affairs introduced several schemes {Companies Fresh Start Scheme, 2020 (CFSS) General Circular No. 30/2020, LLP settlement Scheme 2020 General Circular No. 31/2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 General Circular No. 33/2020 and Clarification on holding of […]
MCA extends time for Compliances required by Every individual who has been appointed as an independent director in a company, on the date of commencement of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 (I.e. 1st December 2019) , shall within a period of 13 Months from such commencement (i.e. upto 31st […]
The Ministry of Corporate Affairs has also extended the time within which Independent Directors of companies have to register themselves on the databank maintained by the IICA from 30.09.2020 to 31.12.2020. Government of India Ministry of Corporate Affairs Notification New Delhi, the 22nd August, 2020 S.O. _ (E).- In exercise of the powers conferred by […]
INDEPENDENT DIRECTOR- An independent director is a non-executive director of a company who brings in objectivity and independence in the decision making by the Board of Directors of the company. As an independent director, he should not be related to the promoters of the company. He should not have any pecuniary interest in the company, […]
How to enroll on independent director’s data bank and pass examination for independent director My article is related to preparation of exam of independent director. In this article I am trying to help my Profession colleagues or others who want to pass their exam and wish to add his/her name in the database of independent […]
1. Section 149 (4) and rule 4 of Companies (Appointment & Qualification of Director) Rule, 2014 1. Every listed company shall have at least 1/3rdof total No. of directors as Independent Director, and 2. Following classes of companies shall have at least 2 Directors as Independent Director- In case of Public Company having – i. […]
Further relaxations by the Ministry of Corporate Affairs till September 30, 2020 for conduct of Board meetings to approve its financial statements through VC or OAVM and registration of Independent Directors in the Independent Directors Data Bank.
‘Independent directors’ is a very important topic and there are various interpretation issues which everyone faces while explaining or reading the topic but still we have good examples which will ensure to understand this concept in a better manner. It’s a Great Move of Ministry of Corporate Affairs which do regulates the function of corporate […]
In continuance of the earlier article, ‘All about Independent Directors- (Part-1)‘, this article will focus on the independent director databank and the process of appointing an independent directors. On 22nd October, 2019 the Ministry of corporate affairs (MCA) published the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, to amend the Rule 6 […]
