The new law of Companies Act, 2013 has entrusted tremendous responsibility on Directors of all type of companies. Some of the important provisions related to their appointment, duties and liabilities are as follows:     APPOINTMENT OF DIRECTOR: Section -149   Applicability: Every Company whether Public or Private   Compliance: Every company shall have a minimum...Continue Reading

Post implementation of the Companies Act, 2013 and SEBI Listing Obligations and Disclosures Requirements Regulations, not only the authorities, but the Corporate have also become more vigilant in compliances of the relevant provisions of the law. We all are aware about the legal implication of the various secretarial/ legal documents/information related to Corporate and other...Continue Reading

SECTIONS AMENDED PROVISIONS BL View Insertion of section 3A (Members shall be personally liable) Personal liability of members in case where number of members in a company is reduced from minimum statutory requirement. (For instance below 2 in case of Private company and below 7 in case of Public Company) Effective from 09.02.2018 This Provisions...Continue Reading

  The Companies Act, 2013 has introduced certain amendments in the provision of General Meeting. We discuss below some of the critical changes with regard to General Meetings, including the harsher penalty provisions for defaults. The provisions of this discussion are applicable to every company whether Private, Public or Subsidiary of Public Company. Broad Areas...Continue Reading

The Companies Act, 2013 has added more responsibilities and accountability on the Board of Directors of every Company. One such change for functioning of the company is for Directors to meet regularly, to take business decisions through Board Meetings. We discuss below some of the critical changes with regard to Board Meetings. The provisions of...Continue Reading

  As you are all aware that the New Companies Act, 2013 has been implemented with effect from 01st April 2014. There are certain changes as notified by Ministry of Corporate Affairs which are effective immediately and need urgent attention, and there are certain provisions which are provided with a transitional period for compliance.   Below...Continue Reading