Corporate Governance

Corporate Governance Corporate governance is a set of guidelines that help in the successful running of a company. These guidelines are to be verified and checked periodically by the Board of Directors. Every organization requires some kind of corporate governance…

Personal Liability of Directors

Personal Liability of Directors The liability of shareholders in a company, unlike that of a sole proprietorship or partnership firm, is limited. The liability of the company is generally not transferred onto the directors. However, directors can be held personally…

Process for Removing a Director

Process for Removing a Director A company is empowered to remove its directors before the expiry of their term, the powers of which is vested with the shareholders. This article deals with the process of removal of directors in a…

CSR Committee, Activities and Expenses

CSR Committee, Activities and Expenses Corporate social responsibility refers to the initiative and contribution of an enterprise towards the economic, environmental and social welfare of the general community. In this article, we look at some of the major aspects of…

MCA eCODS Form 2018

MCA eCODS Form 2018 - Condonation of Delay Scheme The Condonation of Delay Scheme, 2018 announced by the Ministry of Corporate Affairs is active from 1st January 2018 to 31st March 2018. Directors who were recently disqualified for failure to…

Registrar to an Issue and Share Transfer Agents

Registrar to an Issue and Share Transfer Agents An intermediary plays a notable role when it comes to certain businesses, and have made their presence count. Intermediaries could be anyone who facilitates the supply of a service between two or…

Condonation of Delay Scheme – Director Disqualification

Condonation of Delay Scheme - Director Disqualification Over 3 lakh Directors were recently disqualified by the Ministry of Corporate Affairs for chronic default in filing company annual return. The Ministry of Corporate Affairs (MCA) has now introduced the Condonation of…

AOC-4

AOC-4 Filing The financial statements of a company must be filed with the Ministry of Corporate Affairs every year. The MCA form for filing financial statements is AOC-4. Hence, Form AOC-4 is submitted with the MCA for each Financial Year…

Company Board Meeting through Video Conference

Company Board Meeting through Video Conference Companies registered in India are required to hold the first meeting of Board of Directors within 30 days of company registration. After the first board meeting, companies must conduct a minimum of 4 board…

Form DIR-5 for Surrender of DIN

Form DIR-5 for Surrender of DIN DIN or Director Identification Number is required for any person who is a director or partner of a company or LLP registered in India. Hence, during the company registration or LLP incorporation process, after…