ESIC i.e. Employees' State Insurance Corporation is one of the two main statutory social security bodies under the ownership of Ministry of Labour and Employment, Government of India, the other being the Employees' Provident Fund Organisation.
In recent years, people have been talking a lot about businesses being responsible and sustainable. They use terms like ESG (Environmental, Social, and Governance) and CSR (Corporate Social Responsibility). But are these just different words for the same thing, or are they separate but related ideas?
MCA issued a notification on 02nd February 2024. Notification is related to the Central Processing Center. This seems aimed to free up capacity at the offices of Regional Directors and Registrar of Companies to deal with governance, penalty, scrutiny matters.
The enactment of the Companies Act, 2013 marked a significant milestone in India's corporate governance framework.
As you are aware that "Governance" means system by which an entity is directed, controlled and it is prudent method of decision making, fixing accountability, responsibility and doing business for the benefit of public as well as owners of the entity. "Governance" is a process to run an entity according to laws of nation and in the public interest.
With increased globalization, there has been an increase in the financial transactions between Indian companies and their foreign counterparts - the grant of "corporate guarantees" being an important one.
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