Corporate Law Articles
Omnibus approval for related party transaction
In case of Companies Act, is the board required to approve all related party transactions from audit committee?[1] The Companies Act 2013 prescribes that a company needs approval of the audit committee on all related party transactions and subsequent
The thrust of corporate meetings
Assume a situation where company wants to appoint a new director or wants to increase its share capital. Now the question arises how company can give effect to the proposed business because company being an artificial entity cannot act on its own. Bo
Techniques of fraud reporting By auditors
Companies Act, 2013 has introduced provisions for detecting fraud at the grassroots level by forcing accountability to the Auditors of the Company. Accordingly Central Government notifies the Companies (Audit and Auditors) Amendment Rules, 2015 by a
Analysis of the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2015
The Analysis of the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2015 and Companies (Audit and Auditors) Amendment Rules 2015 which to be published in the Gazette of India as on 14th December, 2015.In the Companies (Meeting of
Related Party Transaction Under SEBI (Listing Obligation & Disclosure Regulation)
All the requirements and conditions to be fulfilled in case of related party transactions have been altered to be in line with the provisions of Companies Act, 2013. This is the provisions of SEBI (LODR), which are applicable with immediate eff
Analysis of Sec 185 of the companies act 2013: Every banker should know
Giving a corporate guarantee to banks/lenders by a company, other than the borrower, that the loan will be paid back, is a usual practice in the normal course of trade and commerce across the world. By and large, a larger company (often a known flagship
SEBI LODR regulation 2015 - Highlights and analysis
INTRODUCTION Securities and Exchange Board of India (SEBI) on September 2, 2015 issued the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (�Listing Regulations�) with the aim to consolidate and streamline the provisions
All Penalties under Companies Act, 2013
The law poses various obligations to be discharged by the Companies , Directors, Managers and other Officials. Non-compliance of such obligations attracts punishment which may be imprisonment and/ or fine/ penalty. The new Companies Act, 2013 has com
Board Committees
Committees have an important role to play in company governance. A Board can set up committees with particular terms of reference when it needs assistance or when any issue requires more attention. They can be set up for specific purp
Trading Plan under SEBI (Prohibition of Insider Trading) Regulations, 2015
The concept of trading plan has been introduced in India by the SEBI (Prohibition of Insider Trading) Regulations, 2015 (the PIT Regulations). In every company there are persons holding key managerial positions or promoters who may be perpetually in
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