Page 2 - Companies Act

Best of BS Opinion: Encouraging exports, tripping up on arbitration & more

Here are the best of Business Standard's opinion pieces for Wednesday

The coming surge in chairpersons emeritus

Since no part of the Companies Act deals with chairperson emeritus, these appointments will have to be governed by a formal contract between the company and the individual or under its articles

Privatisation push: Centre considers bringing PSBs under Companies Act

Changes are likely to be introduced in the Monsoon Session

Tata vs Mistry: Minority shareholders cannot claim board seat, says SC

The court has made it clear that Mistry Group is not a small shareholder and a board seat cannot be allotted to it contractually or by law

Profit or loss, independent directors of companies must get paid: MCA

Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits

Ministry of Corporate Affairs cautions investors against Nidhi companies

A Nidhi company is a non-banking financial company doing the business of lending and borrowing with its members or shareholders.

Limited liability partnerships to disclose 'beneficial ownership'

The rules for disqualification of directors for non-filing of annual returns for any three consecutive years will also be made applicable to LLPs

An impact analysis: Decoding the changes in rules and regulations in Budget

The Budget proposes to strengthen the NCLT framework with e-Courts system

IBC rule on personal guarantees no help to promoters blaming managers

Payment of bank loans by a company is an obligation under the contract law and fraud by professionals is a criminal matter, says government official.

Decriminalisation in Companies Act a move in the right direction? Explained

As government revisits all economic laws, decriminalisation experts have called for a calibrated approach to ensure we don't end with toothless legislations and maintain the standards

Sebi bans senior official of PDS Agro from securities market for 3 years

Sebi said that Roy, by violating provisions of the Companies Act, "prejudicially affected the interest of investors and the securities market."

Corporate Affairs ministry extends date for various schemes amid Covid-19

Under the schemes, entities are allowed to submit filings without late fee and also get immunity from penal proceedings with respect to delay in submission of requisite filings.

Govt decriminalises Companies Act to promote greater ease of doing business

The bill, passed on Saturday in the Lok Sabha, comes at a time when companies are reeling under stress due the coronavirus (Covid-19) pandemic

All you need to know about the Companies (Amendment) Bill 2020

Listen to the podcast to know about the changes introduced in the Companies Act

Changes to Companies Act: Here are the amendments passed by Lok Sabha

Around 48 sections of the Companies Act, 2013 will be amended to decriminalise various offences

Lok Sabha passes Bill to amend Companies Act, promote ease of doing biz

The Lok Sabha on Saturday passed a Bill to further amend the Companies Act and decriminalise various non-compoundable offences, and to promote ease of doing business

SBI's Rajnish Kumar urges investors to take part in stressed assets sector

He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprises

Sebi steps up oversight of MII boards, seeking to protect shareholders

Regulator takes a close look at appointments after shareholder directors of NSE, BSE quit

Corp affairs ministry allows companies to extend AGMs for up to 3 months

The firms will have to file an application to get an extension

Sebi moves sessions court against RIL for violation of Companies Act

The company said the matter pertains to the issue of debentures with convertible warrants two decades ago