Recent amendments to the definition of 'independent director' in the Companies Act 2013 of India have reopened discussion about what makes a director truly independent. A key question is whether the existence of any pecuniary relationship between a director and his or her company, including one on...
2014, and every professional is trying his/her best to unlock and decode the provisions of Companies Act, 2013. In this regard an attempt has been made from my side to compile the procedure for appointment of Additional Director in Public Company/Private Company (Purely Private) taking the ...
Directors and their Role in a Company A company, being an artificial person, is managed and controlled by its officers called the directors of the company. According to the inclusive definition under the Companies Act, 2013, a Director means a Director appointed to the Board of a company. ...
(4) Nothing in this section shall be deemed to prohibit the payment to a managing or whole-time director, or manager, of any remuneration for services rendered by him to the company in any other capacity. August 30, 2023 Companies Act 2013 ...
Companies News Cast + Add Cast 55 cast members NameKnown for Beck Self (segment "Deadweight" and "I've Been Twelve Forever") Scott Pilgrim vs. the World(2010) Björk Self Dancer in the Dark(2000) The Chemical Brothers Themselves (segment "I've Been Twelve Forever") ...
Duties and roles of a director under Companies Act 2006. A specific case situation is analyzed to find out the duties and responsibilities of directors.Director's duties in UK are regulated under the Companies Act 2006 (CA 2006), sections 172-177 (Belcher, 2014). Under Section 172 of the ...
Both officers and directors carry fiduciary responsibilities to act in the corporation’s best interest. Directors are obligated to oversee company actions to avoid financial harm or reputational damage. Officers, particularly executive officers, are often tasked with legally binding actions like signing ...
This paper seeks to critically analyse the requirements of the duty imposed on directors to act for a proper purpose as provided in section 76(3)(a) of the 2008 Act (Companies Act 71 of 2008) whenever they distribute company money and/or property. This analysis is conducted with the obliga...
Bradley and Chen (2015) also undertook a US study post-Sarbanes Oxley Act of 2002 changes in which they examined the association between board independence and managerial risk-taking behavior. In contrast with Bargeron et al. (2010), their most important finding is that an increase in board ...
In order to be appointed as a company director, here are some of the qualifications that fall in line with the Singapore Companies Act. Things you need: A director will have to be an actual person, which means that an enterprise or corporate entity will not be able to act as another com...