Articles by Amitav Ganguly

Independent Director Rules: Key Changes Explained

Posted by Amitav Ganguly 07 July 2021 1492 Views

Discover recent SEBI changes for Independent Directors, including appointment, removal, eligibility, and resignation rules. Learn what's new.

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

Posted by Amitav Ganguly 18 March 2020 7115 Views

SEBI circular on the resignation of statutory auditors

Beyond board meetings - Distinct meetings of independent directors

Posted by Amitav Ganguly 04 October 2017 3872 Views

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

Understanding third party director

Posted by Amitav Ganguly 10 July 2017 3438 Views

Third Party Director, under the Companies Act 2013

Analysis of prohibitions & restrictions regarding political contributions

Posted by Amitav Ganguly 28 January 2017 7895 Views

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...

Analysis of defects in appointment of directors

Posted by Amitav Ganguly 27 April 2016 34051 Views

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

Voluntary Exit by Directors under Companies Act 2013

Posted by Amitav Ganguly 07 March 2016 12515 Views

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

Analysis of directors' non cash transactions

Posted by Amitav Ganguly 15 January 2016 41140 Views

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

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

Posted by Amitav Ganguly 30 November 2015 17441 Views

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

Understanding managerial personnel & key managerial personnel

Posted by Amitav Ganguly 13 November 2015 26287 Views

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