Articles by G S Rao

The Companies Act 2013 - Provisions relating to Financial Statements

G S Rao 29 November 2013 at 13:28

Introduction: The Companies Act, 2013(the Act or New Act) brought in many changes which directly impact preparation of financial statements and require understanding of the new definitions and provisions relating to related party disclosures, deposit

The Companies Act, 2013 - Provisions relating to related Party disclosures

G S Rao 09 November 2013 at 16:01

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to

The Companies Act, 2013- Provisions relating Woman directors

G S Rao 04 November 2013 at 11:41

Introduction: Although the constitution of India has granted men and women equal rights, we still find that employment of women is not preferred. Thus opportunities for women are limited for e.g., women are not preferred in Army /Air force in cert

Significance of Minutes of meetings and principles to be observed while drafting: Part-II

G S Rao 21 October 2013 at 16:53

Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil

The Companies Act, 2013- Provisions relating to Minutes of Meetings: Part-I

G S Rao 16 October 2013 at 13:05

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifies the operation of all sections and finalizes the Rules which are now on displ

The Companies Act, 2013- provisions relating Appointment of Directors

G S Rao 08 October 2013 at 11:40

Introduction: In my previous article, a detailed coverage was given to provisions relating to Independent directors. It is more appropriate and useful to give coverage to the left out parts relating to appointment of Directors and significant cha

The Companies Act, 2013- Provisions relating to Notice of General Meetings

G S Rao 30 September 2013 at 12:38

The Companies Act, 2013- Provisions relating to Notice of General Meetings Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifi

The Companies Act, 2013- Provisions relating to Annual return

G S Rao 24 September 2013 at 12:15

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 and will come into full operation when the Central Government notifies the operation of all sections and finalizes the Rules which are now on display for comments. Ve

The Companies Act, 2013 - Provisions relating to Independent Directors

G S Rao 13 September 2013 at 12:05

Introduction: Having received the assent of the President of India, The Companies Act, 2013 has come into existence on 29.08.2013 which will replace the old Companies Act, 1956. As per Section 1 of the new Act, different sections of

New Companies Bill, 2012 and Provisions relating to Corporate Social Responsibility

G S Rao 26 August 2013 at 18:03

Introduction: The much awaited Companies bill has been passed by both the houses of parliament. Now it requires the assent of President to become an Act and to