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Articles by Amitav Ganguly

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SEBI circular on the resignation of statutory auditors (with Format of Information)

  Amitav Ganguly    21 October 2019 at 12:05

SEBI circular on the resignation of statutory auditors

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Posted in Audit |   5127 Views


Beyond board meetings - Distinct meetings of independent directors

  Amitav Ganguly    07 April 2017 at 11:18

Good corporate governance practices call for implementation and maintenance of sound standards of conducting business affairs of a company.

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Posted in Corporate Law |   3432 Views


Understanding third party director

  Amitav Ganguly    11 January 2017 at 11:20

Third Party Director, under the Companies Act 2013

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Posted in Corporate Law |   2055 Views


Analysis of prohibitions & restrictions regarding political contributions

  Amitav Ganguly    01 August 2016 at 10:35

Earlier law for political contributions by companies, laid down in section 293 A of the erstwhile Companies Act 1956, has been improved under the new section 18..

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Posted in Corporate Law |   6675 Views


Analysis of defects in appointment of directors

  Amitav Ganguly    27 April 2016 at 11:05

BACKGROUNDThe Board of Directors { Board} of a company is its highest decision making organ whose actions are however subject to shareholders jurisdictions as per the scheme of the Company jurisprudence. The directors constituting the Board act colle

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Posted in Corporate Law  4 comments |   28758 Views


Voluntary Exit by Directors under Companies Act 2013

  Amitav Ganguly    07 March 2016 at 10:53

INTRODUCTIONI. The provision of resignation of director has been introduced for the first time in the Companies Act 2013 {Act} through section 168. Before that, this was mostly given effect by companies as per provisions of their articles of associat

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Posted in Corporate Law  2 comments |   10947 Views


Analysis of directors' non cash transactions

  Amitav Ganguly    15 January 2016 at 16:14

OBLIGATIONS & DUTIES OF DIRECTORSThere are well established judicial precedents that the directors of companies have fiduciary obligations and also duties to act reasonably, in good faith and in the best interests of the companies where they hold

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Posted in Corporate Law  4 comments |   33153 Views


Analysis of directors' statutory obligations - Sec 166 of CA 2013

  Amitav Ganguly    30 November 2015 at 10:30

BACKGROUNDThe Companies Act 2013 {new Act 2013} for the first time has laid down the duties of directors in unequivocal terms in the section 166 in contrast to erstwhile Companies Act 1956. It is a well established judicial precedent that the Directo

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Posted in Corporate Law  2 comments |   15741 Views


Understanding managerial personnel & key managerial personnel

  Amitav Ganguly    13 November 2015 at 10:48

UNDERSTANDING MANAGERIAL PERSONNEL & KEY MANAGERIAL PERSONNELUNDER COMPANIES ACT 2013MEANING OF MANAGERIAL PERSONNEL/PERSONThe term �managerial personnel or managerial person� used interchangeably in the law, has not been defined per

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Posted in Corporate Law |   19437 Views


Number of directorships - A direction in good governance

  Amitav Ganguly    14 October 2015 at 10:40

{Section 165 of the Companies Act 2013}BACKGROUNDThe basic legal premise of limiting the number of companies which an individual can hold directorships is that it is essential for his efficient functioning and effectual carrying out his fiduciary dut

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Posted in Corporate Law |   9978 Views