Tag Archives: Board of Directors

INDEPENDENT DIRECTORS IN COMPANIES ACT 2013

Posted on April 26, 2013 | 13 comments

(UPDATE: on 30^th August 2013: Companies Bill became the Companies Act, 2013 (Act 18 of 2013).

When I was reading Section 149 of the Companies Bill, 2012 for an earlier post “Appointment and Qualification of Director”, I have not discussed provisions related to independent director. As mentioned in that post every listed company shall have at least one-third of total number of directors as Independent directors. The central government may prescribe minimum number of independent directors in other class or classes of public companies. Independent director is a genre of directors and all law related to duties, vacation, resignation, removal will also be applicable to them also. do not forget; they are not key managerial personnel or officer in default.

Continue reading →

13 Comments

Posted in Chapter XI - CA2013, Companies Act 2013, CorpGov, Governance and Responsibility

Tagged Board Committee, Board of Directors, Code for Independent Directors, Companies Bill 2012, CorpGov, CorpLaw, Corporate Governance, Corporate Law, Director, Independent Director, Independent Directors, India, Law, Legal Reforms, Liability of Independent Directors, Ministry of corporate affairs, Profession, Reforms, Related Party Transaction, Whistle blower

DIRECTOR: DUTIES, VACATION, RESIGNATION, REMOVAL

Posted on April 19, 2013 | 28 comments

UPDATE: on 30^th August 2013: Companies Bill became the Companies Act, 2013 (Act 18 of 2013).

In my last post, I stopped myself from further reading midway due to length of the post “Appointment and Qualification of Director”. Now, this is time to resume reading. Let us start with Additional Director, Alternate Director and Nominee Directors.

Continue reading →

28 Comments

Posted in Chapter XI - CA2013, Companies Act 2013, CorpGov, Governance and Responsibility

Tagged Additional Director, Alternate Director, Board of Directors, Companies Bill 2012, CorpGov, CorpLaw, Corporate Law, Director, Director in Casual Vacancy, Duties of Directors, Independent Director, India, Legal Reforms, Ministry of corporate affairs, Nominee Director, Reforms, Removal of Director, Resignation of Director, Vacation of Office of Director, Whole – time Director

APPOINTMENT AND QUALIFICATION OF DIRECTOR

Posted on April 12, 2013 | 42 comments

UPDATE: on 30^th August 2013: Companies Bill 2012 became the Companies Act, 2013 (Act 18 of 2013).

I discussed in my last post that it is first time that concept of “Key Managerial Personnel” has been introduced in India. Hopefully, present Companies Bill will change status of Corporate Governance in India. The qualified Directors and transparency in appointment of directors is single most important key for success of public corporate and corporate governance. As I discussed, appointment of “Key Managerial Personnel” is discussed in Section 203 but specific provisions of Chapter XI should be taken care of in case of appointment of Directors as they are specific provisions for them. Chapter XI consists of 23 Section from Section 149 to Section 172.

Continue reading →

42 Comments

Posted in Chapter XI - CA2013, Companies Act 2013, CorpGov, Governance and Responsibility

Tagged Board of Directors, Companies Bill 2012, Company Secretary, CorpGov, CorpLaw, Corporate Governance, Corporate Law, Director, Disqualification of Directors, Key managerial personnel, Legal Reforms, limit on directorship, Ministry of corporate affairs, Profession, Qualification of Directors, Reforms, Retiring Directors

KEY MANAGERIAL PERSONNEL

Posted on April 5, 2013 | 30 comments

UPDATE: on 30^th August 2013: Companies Bill 2012 became the Companies Act, 2013 (Act 18 of 2013).

In any jurisdiction, Quality of Corporate Governance and compliance of ethics depends upon quality of people taking charge of the affairs. The companies Bill 2012 have some inbuilt elements of corporate governance in it. First time Concept of Key Managerial Personnel is being introduced in India. Which seems different with “officer who is in default” as that concept is still in this Bill.

Continue reading →

30 Comments

Posted in Chapter XIII - CA2013, Companies Act 2013, Company Secretary, CorpGov, Governance and Responsibility

Tagged Board of Directors, Chief Executive director, Chief Financial Officer, Companies Act 2013, Companies Bill 2012, Company Secretary, CorpGov, CorpLaw, Corporate Governance, Corporate Law, India, Key Legal Reforms, Key managerial personnel, Manager, Managing Director, Ministry of corporate affairs, Officer, officer who is in default, Profession, Reforms, Related Party Transaction, Whole – time Director

Tag Archives: Board of Directors

DIRECTOR: DUTIES, VACATION, RESIGNATION, REMOVAL

APPOINTMENT AND QUALIFICATION OF DIRECTOR

Want update

Our Social Network

Copyright

Do Not Copy

Blog Stats

Use RSS Feed

Top Posts

My Hindi Blog: गहराना

क्षमा पत्र -प्रदूषण जी के नाम

नमक की कमी

प्रेपी के पत्र

इत्ती सी मिठास

हिन्दी साहित्य क्षेत्र में एक निंदा प्रस्ताव

उच्चतम न्यायालय में उर्दू विवाद

“भाषा” “वाद” और “अजेंडा”

अदालती दलाल सूची

यवन – मेरा एक प्रश्न

वन्या – मनीषा कुलश्रेष्ठ

AishMGhrana – Milestones