Corporate Law Articles

Appointment of Women Directors

Posted by Kunal R. Sarpal 28 March 2015 19181 Views

Women Directors, yeah, we really need them! Kunal, really, why do you want women ruling the Board too? My reply, why not...? It’s high time we walk the talk and start offering a board seat to all the competent ladies out there. Thanks to SEBI a

Risk Management Policy

Posted by Sundharesan Jayamoorthi 28 March 2015 62095 Views

Section 134(3)(n) - Risk Management Policy There was some relief when the regulators relaxed the reporting requirement of Internal Finance Control (IFC) under section 134(5)(e) of the Companies Act, 2013 (the Act) which is applicable for listed comp

Loan to Directors- Section 185

Posted by Monika Jain 27 March 2015 22103 Views

New Company law puts a complete prohibition on grant of loans to Directors and persons in which such directors are interested except a few exceptions. Further the section is applicable on all types of companies, be private or public. Section 185 proh

Provision relating to auditor under new Companies Act

Posted by CS Divesh Goyal 25 March 2015 20160 Views

PROVISONS RELATING TO AUDITORPROVISIONS ON AUDITORSUNDER COMPANIES ACT, 2013 I have earlier discussed the many provisions relating to auditors in my earlier articles. Earlier published articles are as following: I. Appointment of AuditorII. Resignati

Should the company re-pay the deposits

Posted by CS MOHIT SALUJA 24 March 2015 19220 Views

As the month of March is on its end, most of the companies which have taken loan earlier under the companies act 1956 and have filed DPT-4 in this Financial year declaring that the companies has such and such amo

"All" is not well - Compliance of Applicable laws is sick

Posted by Sundharesan Jayamoorthi 24 March 2015 20275 Views

The dictionary meaning of the word ALL means the whole quantity or extent of a particular group or thing and the adverb means completely, fully, entirely, totally, wholly, absolutely, utterly, outright, thoroughly. In Companies Act, 201

Penalty and punishment for auditors

Posted by CS Divesh Goyal 23 March 2015 19030 Views

PENALTY & PUNISHMENT ON AUDITORSUNDER COMPANIES ACT, 2013 A. Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then: Penalty on Company: The company shall be punishable wi

Women Director-Countdown Begins

Posted by Guest 23 March 2015 9750 Views

Companies Act, 2013 along with Companies (Appointment and qualification of Directors) Rules, 2014 had made it mandatory for the following class of companies to have at least one women director in their Board: a) All Listed Companies b) Every Public

Key Managerial Personnel

Posted by CS Divesh Goyal 21 March 2015 25536 Views

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Provisions related to dividend as per IT Act & Co Act, 2013

Posted by MONIKA MANNAN 19 March 2015 25564 Views

Section 115-O(1) Of the income tax act provides that every domestic company required to pay dividend distribution tax in addition to income tax on any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whether o