In this editorial, author will strive to answer the following: -Whether Additional Fees is fine or Penalty? - Provisions dealing with late filing of e-form. -Consequences on late filing of e-forms except additional fees.
Independent directors have a crucial role to play for keeping good governance practices. In order to ensure the basic literacy of company law, securities law and accountancy among Independent directors and to boost Corporate Governance standards in India, the Govt. has decided to introduce online proficiency self-assessment test for Independent directors.
Is CSR initiative integrated @2% of Company's average net profits? Yes, it is in tandem with Companies Act, 2013 but it stretches beyond statutory boundaries and is crafted through various colors when perceived from stakeholders view
Cyrus Mistry won half the battle; on the other hand Tata Son is seeking more legal option to win the next battle of the Board
Ministry of Corporate Affairs has issued notice to approximately 3000 companies due to non compliance of provision of Section 96(1) for not holding of AGM within Due date.
Key Takeaway: Report of Company Law Committee 2019
This article is prepared to create general awareness about requirement of Actuarial Services for Accounting for Defined Benefit Plans & Components of Actuarial Valuation Reports amongst Professionals/Company Personnel involved in Finalization of Financial Statements.
Erstwhile Companies Act 1956 had no specific definition of "Independent Director".
India companies in order to invest funds in its business operations, explore many options like Issue of Shares, Debentures, Zero Coupon Bonds, Public Deposits, Loans from Banks and Financial Institutions and other traditional sources.
The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 came into force w.e.f 25th July, 2019 to amend the provisions related to KYC of directors.
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