The Companies Act, 2013 makes an effort to differentiate between the liability of an independent director and non-executive director from the rest of the board. They should enhance corporate governance and ensure the management and affairs of the companies are conducted in the interest of stakeholders.Manoj D Shah
However, the broad-brush approach under the Companies Act, 2013, where it merely provides for the initiation of proceeding against ‘officers in default’ without providing any distinction concerning the role performed by the officer has left the IDs clueless with last resort as the judiciary of ...
Discussing the Checklist for Director's Report under the Companies Act, 2013 with regard to the Board's Report, Event/Limit Based Disclosures, and Mandatory Disclosures by a Public Company and a Listed Company.
Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act. CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36); Managing...
In particular, he may be convicted for failing to comply with statutory duties under the Companies Act 2006 as well as false accounting or false statements under Theft Act 1968 ss. 17, 19. With respect to German law, the company law reform of 2008 explicitly imposed the duty to file for ...
Institute of Directors (IOD) was established in India on 12 July 1990, as a 'not for profit', apex association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860' to improve their professional competence. It has since grown to associate with more than 31,000 ...
(a) the expression “institute” means the ‘Indian Institute of Corporate Affairs at Manesar’ notified under sub-section (1) of section 150 of the Companies Act, 2013 as the institute for the creation and maintenance of data bank of Independent Directors; (b) an individual who has obtained...
Section 137(1) of the Companies Act, 2013, cited that: “A copy of the financial statements, including consolidated financial statements, if any, along with all the documents which are required to be or attached to such financial statements under this Act, duly adopted at the annual general ...
under the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”) which is issued by the Securities Commission Malaysia (“SC”) pursuant to Section 377 of the Capital Markets and Services Act 2007 (“CMSA”). This Rules set out the required...
Analysis Directors' Report Corporate Governance Report CEO Declaration on Code of Conduct CEO & CFO Certificate Financial Statements Indian GAAP Standalone Consolidated Statements Statement under Section 212 Statement regarding Subsidiary Companies 1 2 3 17 33 57 58 59 64 109 156 158 BOARD OF ...