DIRECTORS’ DUTIES DURING TWILIGHT ZONE
During twilight zone, it is highly likely that the directors or the senior management might enter into vulnerable transactions which can be prejudicial to the interests of stakeholders. The Author made an attempt to highlight the do’s and dont’s of a director during twilight zone.
Read MoreSIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA
SIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA [sg_popup id=”347″ event=”hover”][/sg_popup] The Ministry of Corporate Affairs (MCA) notified rules for determining Significant Beneficial Ownership in a Company with an aim to tackle shell companies and eliminate the same. This is not an initiative from the MCA, but globally this was felt as
Read MoreSECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017:
SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017: BACKGROUND As we are already aware, Government of India enacted Companies (Amendment) Act, 2017 (“Amendment Act”) on the suggestions made by Company Law Committee (CLC) and notified the same in the official gazette on May 7, 2018 to
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