View Full Profile
The Law on the subject is encapsulated in Chapter XIII of the Companies Act, 2013 (hereinafter "The Act") and provisions contained in Section 196, 197 and 198 read with Schedule V to the Act , are in the main to be examined for a proper understanding of the nuances of the law.
Under Section 178(1) of the Companies Act, 2013 (hereinafter "The Act") Listed and other unlisted public companies which fall within the ambit of Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 are required to constitute the NRC of the Board.
As compared to its predecessor clause, the present Act is inflexible for several reasons. For one any loan/investment made into a wholly owned subsidiary will be included for the purpose of determining the thresholds prescribed.
The law relating to Related Party Transactions(RPTs) got murkier and tougher under SEBI Regulations - An analysis of the Amendments made in recent times
In the press release issued by SEBI to announce the changes, it has been stated that the amendments made shall be prospective and therefore come into force from January 1, 2022.
The amendments walk the tightrope of balancing the requirements of ensuring that the bar of governance is not lowered in any manner to the detriment of the stakeholders.
Provisions relating to appointment of an Alternate Director under the Companies Act, 2013-Some important questions to introspect
By notifying amendments to Section 135 of the Companies Act, 2013 and to the Rules pertaining to CSR right at the fag-end of the FY 2020-21, i.e., from January 22, 2021, MCA has set the cat among the pigeons.
Examining the implications of some of the amendments notified in relation to Section 135 of the Act, relating to CSR and more importantly, the widespread overhaul made to the CSR rules which hold out serious ramifications for Corporate Inc.
This article examines the appropriateness of the definition of "Undertaking" as per section 180(1) (a) of the Companies Act, 2013 as per the Legal Lexicon and also as per the Judiciary.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
