Company Law : One of the latest buzz of the summers of 2016 have been the Companies (Amendment) Bill, 2016 (Bill, 2016), which was introduced in...
Company Law : Ever since the draft notifications were placed before the Parliament, companies have been eagerly waiting for the approval and pro...
Company Law : Prudence has at last endowed on the Parliament, to have finally cleared the exemption notifications, long lying on its desk awaiti...
Company Law : A manager is defined under 2(53) of the Companies Act, 2013 (‘Act’), as an individual subject to the superintendence, control ...
Company Law : The Secretarial Standards have been notified by the Institute of Company Secretaries of India in the Official Gazette and will tak...
One of the latest buzz of the summers of 2016 have been the Companies (Amendment) Bill, 2016 (Bill, 2016), which was introduced in Lok Sabha on 16th March, 2016 by the Finance Minister in view of several recommendations made in the Company Law Committee report (CLC Report) dated 1st February, 2016.
Ever since the draft notifications were placed before the Parliament, companies have been eagerly waiting for the approval and promulgation of the same. Finally the exemption notifications saw the light of day with MCA releasing 4 exemption notifications in bulk on June 05, 2015. Among the four notifications, one notification pertains to Government Companies (‘Govt. […]
Prudence has at last endowed on the Parliament, to have finally cleared the exemption notifications, long lying on its desk awaiting its dissemination. After a long wait and completion of one complete financial year, Indian private companies have now been bestowed with exemptions on June 5, 2015 from such provision of law, which should have not been applicable to it in the very first place.
A manager is defined under 2(53) of the Companies Act, 2013 (‘Act’), as an individual subject to the superintendence, control and direction of the Board of Directors, has the management of the whole, or substantially the whole, of the affairs of a company, and includes a director or any other person occupying the position of a manager, by whatever name called, whether under a contract of service or not.
The Secretarial Standards have been notified by the Institute of Company Secretaries of India in the Official Gazette and will take effect from July 1, 2015. Prior to the promulgation of the Companies Act, 2013, the secretarial standards were recommendatory in nature.
