Articles by G S Rao

Provisions relating to Acceptance of Fixed deposits

Posted by G S Rao 08 January 2014 64396 Views

Introduction: Companies normally raise funds through issue of Equity/preference shares, debentures, commercial papers and inter corporate loans. Fixed deposits are also one of the instruments available to a company to raise funds to meet its short te

The Companies Act 2013 - Provisions relating to Financial Statements

Posted by G S Rao 29 November 2013 442089 Views

Introduction: The Companies Act, 2013(the Act or New Act) brought in many changes which directly impact preparation of financial statements and require understanding of the new definitions and provisions relating to related party disclosures, deposit

The Companies Act, 2013 - Provisions relating to related Party disclosures

Posted by G S Rao 09 November 2013 240786 Views

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to

The Companies Act, 2013- Provisions relating Woman directors

Posted by G S Rao 04 November 2013 204599 Views

Introduction: Although the constitution of India has granted men and women equal rights, we still find that employment of women is not preferred. Thus opportunities for women are limited for e.g., women are not preferred in Army /Air force in cert

Significance of Minutes of meetings and principles to be observed while drafting: Part-II

Posted by G S Rao 21 October 2013 16548 Views

Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil

The Companies Act, 2013- provisions relating Appointment of Directors

Posted by G S Rao 08 October 2013 286085 Views

Introduction: In my previous article, a detailed coverage was given to provisions relating to Independent directors. It is more appropriate and useful to give coverage to the left out parts relating to appointment of Directors and significant cha

The Companies Act, 2013- Provisions relating to Notice of General Meetings

Posted by G S Rao 30 September 2013 295658 Views

The Companies Act, 2013- Provisions relating to Notice of General Meetings Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifi

The Companies Act, 2013- Provisions relating to Annual return

Posted by G S Rao 24 September 2013 135820 Views

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 and will come into full operation when the Central Government notifies the operation of all sections and finalizes the Rules which are now on display for comments. Ve

The Companies Act, 2013 - Provisions relating to Independent Directors

Posted by G S Rao 13 September 2013 108504 Views

Introduction: Having received the assent of the President of India, The Companies Act, 2013 has come into existence on 29.08.2013 which will replace the old Companies Act, 1956. As per Section 1 of the new Act, different sections of

New Companies Bill, 2012 and Provisions relating to Corporate Social Responsibility

Posted by G S Rao 26 August 2013 19659 Views

Introduction: The much awaited Companies bill has been passed by both the houses of parliament. Now it requires the assent of President to become an Act and to