Tags » Corporate Law

LOAN AND INVESTMENT

According to Section 185 of the Companies Act 2013, save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested or give any guarantee or provide any security in connection with any loan taken by him or such other person. 1,289 more words

Governance And Responsibility

RELATED PARTY TRANSACTION

Section 188 of the Companies Act 2013 lay down provisions regarding related party transactions. This Section discusses type of related party contracts and arrangements, disclosure in board report, rendered related party contract voidable for non – ratification, recovery of any loss and provision for fines. 1,188 more words

Governance And Responsibility

EXERCISE OF POWER IN BOARD MEETING

One simple solution for cost effective and efficient method to pass a resolution is by passing it by circulation. Section 175 of the Companies Act 2014… 624 more words

Governance And Responsibility

COMMITTEES AND VIGIL MECHANISM

We have discussed Committees under the Companies Act 2013 earlier here.

Following committees has statutory mandate:

  1. Social Responsibility Committee
  2. Audit Committee
  3. Nomination and Remuneration Committee, and…
  4. 653 more words
Governance And Responsibility

New Transportation Investment Center Boosts P3 (Public-Private Partnerships) Projects: “P3 or Not P3?” That is the Question. Obama Says: “P3.”

President Obama last week formally embraced the expansion of Public-Private Partnerships (P3s) as a means to fill the gap in public sector transportation financing. Infrastructure developers and project sponsors should look to a planned September 9 summit on… 379 more words

Administrative & Regulatory

MEETING THROUGH AUDIO VISUAL MEANS

According to Section 173(2) of the Companies Act 2013, directors may participate through:

  1. In person,
  2. Through Video Conferencing,
  3. Other Audio – visual means, as may be prescribe.
1,269 more words

Governance And Responsibility

COMPENSATION TO DIRECTOR FOR LOSS OF OFFICE

Section 191 of the Companies Act 2013 discusses payment of compensation for Director for loss of office.  In an earlier post here, we have discussed this section in detail. 832 more words

Governance And Responsibility