SOP for Proceedings against Directors & Non-Promoters

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…

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…

Duties of Director of a Company

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…