Articles by Amitav Ganguly
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Number of directorships - A direction in good governance
{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
Should statutory auditors' report be always read at AGM?
BackgroundThe corporate jurisprudence in India enshrines statutory auditors who audit the accounts of a company as representatives of the shareholders who appoint them at every Annual General meeting {AGM} to look after the interests of the sharehold
Elaboration of functions of company secretary
{Section 205 of the Companies Act 2013}BACKGROUNDIn the modern corporate sector, the position of Company Secretary has gained critical importance. The significance has however evolved over a considerable period.Even earlier, the courts had held to th
Base of Indian company law
BackgroundIn the classical U K case of Salomon – vs.- Salomon & Co., 1897 AC 22, the legal position of a company was established having far reaching consequences in corporate jurisprudence .It was held by the Court, in that case, that
Principle of Natural Justice and Termination of Employment
Principle of Natural Justice and Termination of Employment Termination of services of an employee whether he is a worker, probationer, staff or an executive is of crucial importance to any organization. It is of such momentousness that strong reactio
Should statutory auditors attend AGM compulsorily?
PREAMBLEThe Company jurisprudence in India enshrines statutory auditors who audit the accounts of a company as representatives of the shareholders who appoint them at every Annual General meeting {AGM} to look after the interest of the shareholders.I
Need for corporate governance
• Corporate Governance is the latest trend and the watch word in the business in India and abroad, through the entities of companies. Good governance guides a company’s directions in such a way that it can fulfil its goals and objectives
Story of independent directors
Background Ideally speaking Independent Directors play crucial roles in the governance of their companies. They bring in valuable, independent and objective judgements, views and opinions to the Board of Directors, {in short, the Board}, raise import
Do companies consider these factors to declare dividend?
DO COMPANIES CONSIDER THESE FACTORS TO DECLARE DIVIDEND? BackgroundDividend strategy of a company, more particularly which is widely held, should be such that the needs for funds within the company are satisfied and also the reasonable expectations o
Analysis of the review of continuous disclosure requirements for listed companies
Analysis of the Review of Continuous Disclosure Requirements for Listed companies by Securities Exchange Board of IndiaBackgroundSecurities Exchange Board of India {in short, SEBI} has very recently reconsidered the requirements pertaining to disclos
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