Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022 The Ministry of Corporate Affairs (MCA) on 10th June 2022 has published the Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022 to amend the Companies (Appointment and Qualification…

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…