Post by: Dinesh Pandiyan in Add a Director Company
Procedure for Appointment of Independent Director According to the Companies Act 2013, an independent director is a non-executive director of the specified company. He or she will not have any financial ties with the company, which allows them to be…
Post by: Renu Suresh in MCA
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…
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…
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…
