Therefore, the Government of India by introducing new Companies Act, 2013 clearly explains the meaning, role, responsibilities and position of an independent director. It is presume that the new provisions are expected to bring clarity on the role and responsibilities of independent directors in ...
Amended and updated notes on section 202 of Companies Act 2013. Provisions on compensation for loss of office of managing or whole-time director or manager.
Additional Director appointed by a Private Company Shall be regularized at the ensuing AGM u/s 160 of the Companies Act, 2013. In erstwhile Companies Act, 1956, corresponding section for Regularisation of Additional Director was Section 257 which was not applicable to a Private Company. However,...
They are jointly known as the Board of Directors (BOD) of a company under Section 2 (10) of the Companies Act, 2013. The BOD oversees the management activities of the company as well as protects the long-term interests of the shareholders of the company. Foreign National As Director ...
FAQ Section Q1: Can one person serve as both an officer and a director?Yes, in many corporations, one individual can serve as both an officer and a director, especially in smaller businesses. This dual role is common for owners of startups or closely held companies. Q2: What is the pri...
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...
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...
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 ...
In accordance with the Danish Companies Act and the ROCKWOOL A/S Articles of Association, the supervision and management of the ROCKWOOL Group is divided among the General Meeting of shareholders, the Board of Directors and Group Management. The ROCKWOOL Group applies to the Danish Act 1288 of ...
COMMENT: Section 172,12 July, 2024 We need UK business to be a force for good Amending section 172 of the Companies Act would empower leaders to align the interests of profits and planet. NEWS ANALYSIS: Labour government,9 July, 2024 ...