Post by: Arnold Thomas in Government Initiatives MCA
SOP for Proceedings against Directors & Non-Promoters The Ministry of Corporate Affairs has released a detailed clarification on 2nd March 2020 on Standard Operating Procedure (SOP) for prosecutions filed or internal adjudication proceedings against Independent Directors, Non-Promoters and Non-Executive Directors. For…
Post by: Sreeram Viswanath in Compliance
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…
Post by: IndiaFilings in Compliance
Independent Director in a Company Corporate governance is a key aspect in the management of a company that has effect on profitability, growth and sustainability of a business. Corporate governance is also a multi-level process dealing with the culture, policies and…
Duties of Director of a Company The position of Director of a Private Limited Company or Limited Company or One Person Company comes with certain duties and responsibilities. Many Directors of a Company are unaware of these duties and responsibilities…
Post by: IndiaFilings in Compliance Private Limited Company
Resignation of Director in Company A Director in a company may need to resign or the Board may want to remove a Director for a number of reasons. The Director of a Company can resign from the Board by filing…
Post by: IndiaFilings in Compliance Private Limited Company
Matters Requiring Company Board Approval The Meeting of Board of Directors of a Company is an important aspect of running a private limited or limited company in India. As per the Companies Act, 2013 every company must hold its first…
