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Articles by Amitav Ganguly

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Number of directorships - A direction in good governance

Posted by Amitav Ganguly 14 October 2015 10463 Views

{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?

Posted by Amitav Ganguly 25 September 2015 31814 Views

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

Posted by Amitav Ganguly 11 September 2015 13607 Views

{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

Posted by Amitav Ganguly 01 September 2015 12290 Views

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

Posted by Amitav Ganguly 14 August 2015 26699 Views

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?

Posted by Amitav Ganguly 24 July 2015 23735 Views

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

Posted by Amitav Ganguly 17 July 2015 10348 Views

• 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

Posted by Amitav Ganguly 08 July 2015 11619 Views

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?

Posted by Amitav Ganguly 03 July 2015 13531 Views

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

Posted by Amitav Ganguly 18 June 2015 12707 Views

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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