Articles of Association

Chairman Of The Board And Chairman Of The General Meetings

CHAIRMAN OF THE BOARD AND CHAIRMAN OF THE GENERAL MEETINGS Abstract The responsibility for the conduct of a meeting rests primarily on the chairman. The chairman is entrusted with the task to call the speakers, regulate the length of their speeches, deal with the items of the business in order, put motions to the meeting… Read More

Tags: Annual General MeetingArticles of AssociationBoardBoard of directorsChairmanCompanies ActMeetingNon-executive director

SEBI permits contracts for pre-emption and options in shareholders agreements

SEBI has issued a notification today, inter alia, permitting contracts for pre-emption including right of first refusal, tag-along or drag-along rights contained in the shareholders agreements or articles of association of companies. SEBI has also permitted contracts containing an option for purchase or sale of securities subject  to the following: (a)    the title and ownership… Read More

Tags: Articles of AssociationForeign Exchange Management ActIndiaRegulationSEBISecurities & Exchange Board of IndiaShareholders' agreementStock exchange

CLR Urgent :: Clarification on Commencement Notification of 12.09.2013

General Circular No.15/2013 F.No.01/12/2o13-CL-V Government of lndia Ministry of Corporate Affairs 5th Floor,'A'Wing, Shastri Bhawan, Dr.Rajendra Prasad Road, New Delhi-1 Dated 13.09.2013 To All Regional Directors, All Registrar of Companies. Subject: Clarification on the notification dated 12.9.2013 Sir, The companies Act 2013 received the assent of the president on 29th August, 2013 and was notified in the… Read More

Tags: Accounting StandardsArticles of AssociationCompanies ActCompanies Act 1956Corporate Affairs MinistryGazette of IndiaNew DelhiRegistrar of Companies

Resignation of Director™ – A Controversy

Himanshu Setia, 3rd year student, Symbisois Law School, Noida (Constituent of Symbiosis International University, Pune) Email id- (himanshusetiaO125@rediffmail.com) ˜Resignation of Director™ - A Controversy[1]  INTRODUCTION The Companies Act, 1956 (hereinafter referred to as ˜Act™) does not contain any provision relating to resignation of director. The word ˜resignation™ means ˜relinquishment of ones right™. As such there… Read More

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