Articles by Sundharesan Jayamoorthi

Risk Management Policy

Posted by Sundharesan Jayamoorthi 28 March 2015 62084 Views

Section 134(3)(n) - Risk Management Policy There was some relief when the regulators relaxed the reporting requirement of Internal Finance Control (IFC) under section 134(5)(e) of the Companies Act, 2013 (the Act) which is applicable for listed comp

"All" is not well - Compliance of Applicable laws is sick

Posted by Sundharesan Jayamoorthi 24 March 2015 20270 Views

The dictionary meaning of the word ALL means the whole quantity or extent of a particular group or thing and the adverb means completely, fully, entirely, totally, wholly, absolutely, utterly, outright, thoroughly. In Companies Act, 201

Section 92 - An identity crisis for promoters

Posted by Sundharesan Jayamoorthi 18 March 2015 19542 Views

Section 92 –An Identity Crisis for Promoter 92 of the Companies Act, 2013 (“Act”) require all companies including private companies to list out details in the prescribed format containing particulars as they stood on the close of t

Section 403 of Companies Act - Professionals Be Aware

Posted by Sundharesan Jayamoorthi 16 March 2015 65472 Views

Companies Act 2013 (the Act) can be one legislation that can be contrary to the most popular slogan Ease of doing business in India, it has led many corporates and professionals to re-think and re-define this slogan. With too many weird

Mortality of independent directors

Posted by Sundharesan Jayamoorthi 11 March 2015 10212 Views

Independent Director is an important character inside any listed companys boardroom and in some of the well-governed companies. Few decades back the independent director used to be hand picked personally by the CEO and the name was recommended

Expiry date for directors

Posted by Sundharesan Jayamoorthi 10 March 2015 30624 Views

March 31 is round the corner and every director has to be doubly vigilant about his existence as some of the mundane provisions listed out in the Companies Act, 2013 (Act) prescribe for a expiry date for a director in case of certain no

Main Hoon Na - CSR is not street charity?

Posted by Sundharesan Jayamoorthi 24 February 2015 5656 Views

Street Charity chant, please do charity in the name of almighty, reaction to this may be impulsive, we donate but without knowing the cause. This impulsive charity does not require the caregiver to look back on who the beneficiary is an

Lagaan - Is it CSR or GSR?

Posted by Sundharesan Jayamoorthi 07 February 2015 20352 Views

In the guise of Corporate Social Responsibility (“CSR”) the Government is delegating the social work in the hands of corporate; is CSR becoming a Government Shirking Responsibility (“GSR”). It is difficult to believe and compr

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

Posted by Sundharesan Jayamoorthi 03 February 2015 5910 Views

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

Test of Integrity for an Independent Director under Companies Act 2013

Posted by Sundharesan Jayamoorthi 27 January 2015 7888 Views

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)