Corporate Law Articles

Independent Directors | An analysis

CS MOHIT SALUJA 05 February 2015 at 10:33

Independent Director is the one who does not have any material or pecuniary relationship with the companyIndependent Directors as per reading of section 149(6)Section 149 (6) An independent director in relation to a comp

Financial Statement,Board Report under Cos Act,2013

CS M.Kurtrala Nathan 04 February 2015 at 10:26

Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts)Rules,2014 deals with the Financial Statement and Board Report.Signing of the Financial Statement: The financial statement, including consolidated financial statement

Aaj ka Robin hood- CSR is it inclusive or exclusive?

Sundharesan Jayamoorthi 03 February 2015 at 10:41

A recent headline in a financial daily “Zuck slams Cook: If you cared, your products would be cheaper”. This statement may sound mean, but can mean that no entrepreneur should play the role of a modern day Robin hood. The entrepreneur sho

Frequently Asked questions on CSR

APARNA.R 03 February 2015 at 10:41

FAQ on Corporate Social responsibility as per Companies Act, 2013:1. Whether salaries paid to regular CSR staff and volunteers can be factored into CSR project cost.Ans: Yes, the above will become a part of CSR expenditure.2. Under what conditions th

Companies Amendment Bill 2014

CS DHANAPAL 28 January 2015 at 10:52

Companies Act, 2013 (Act) which was notified on 29.08.2013 has brought about enormous changes in almost every sphere of Corporate Compliance, Management and Administration. Out of 470 sections in the Act, 283 sections and 22 sets of Rules correspondi

Case Study on Related Party Transactions

Nisha Sharma 28 January 2015 at 10:51

This article is a case study on section 188 i.e. entering into contracts or arrangements with a related party with respect to: Case Study: Parties for which the case is to be discussed: a. ABC Pvt Ltd, a Company incorporated under Companies Act, 1956

Test of Integrity for an Independent Director under Companies Act 2013

Sundharesan Jayamoorthi 27 January 2015 at 11:21

The Companies Act 2013 (referred as the Act) has introduced lot of funny governance compliances and every Independent Director requiring to issue a declaration of integrity under section 149(6)

5 Easy steps to convert Private Limited Company into LLP

JOY SHARMA 21 January 2015 at 10:41

5 Easy steps to convert Private Limited Company into LLP .STEP 1:- Decide PartnersAs only members can be the partners of proposed LLP. At least 2 partners should be designated partner. In case of Body Corporate who was the member of

Incorporation of a private limited company under Co. Act,2013

CS Umesh Navani 19 January 2015 at 11:19

The Companies Act, 2013 has put more formalities on incorporation of a company. Consequently, the cost for incorporation of a company has increased. Following is the process for incorporation of a private Limited company. Step 1-Procuring Director Id

Meeting of Independent Directors under Schedule IV of Companies Act 2013

Sundharesan Jayamoorthi 13 January 2015 at 10:20

The Companies Act 2013 (referred as the Act) has introduced a new governance initiative that the independent directors shall meet separately without the attendance of non-independent directors and members of management. A similar clause