Roles and Responsibilities Of Directors Under Companies Act 2013

Who is a Director? An appointed or elected member of the board of directors of a company. He has the responsibility for determining and implementing the company™s policy. A company director need not to be a shareholder or an employee, and may hold only the office of director under the provisions of the Act. Directors… Read More

Tags: Annual General MeetingBoardBoard of directorsChief executive officerCompanies ActCompanySecretaryIndiaLegal liability

ICSI Launches Corporate Compliance Executive Certificate

The Institute of Company Secretaries of India also launched the Corporate Compliance Executive Certificate on this Day, to create a cadre of Skills oriented compliance professionals to provide support services in the secretarial department of the companies. A Person who is registered student of ICSI and passed one group of the Intermediate /Executive program of… Read More

Tags: CompanySecretaryCorporate Affairs MinistryCorporate GovernanceEducationFeedBurnerIndiaInstitute of Company Secretaries of IndiaLegal education

ICSI launches Primer on Companies Act 2013 on YouTube

On the occasion of ICSI Foundation Day (04.10.2013) , CS S. N. Ananthasubramanian, President, Council of the ICSI launches: "ICSI Primer on Companies Act 2013" on "YOUTUBE" Channel ( CS S.N Ananthasubramanian, President, Council of the ICSI, while launching the ICSI Primer on Companies Act 2013, said that , The Institute is undertaking a large number… Read More

Tags: Companies ActCompanySecretaryCorporate Governancecorporate social responsibilityDormant companyICSIIndiaYouTube

ICSI organizes Conference on Ethics and Corporate Governance

To create awareness and understand the importance of Ethics in Governance, the Institute of Company Secretaries of India (ICSI), in collaboration with National Institute of Securities Markets (NISM), in its series of conferences on the subject, organized a Conference on the theme ˜Ethics and Governance™ at Mumbai yesterday. Shri U. K. Sinha, Chairman, SEBI was… Read More

Tags: CompanySecretaryCorporate GovernanceEthicsICSIIndiaInstitute of Company Secretaries of IndiaMumbaiNational Institute of Securities Markets

Draft Rules under Companies Act 2013 :: Chapter XXVIII :: Special Courts (Mediation and Conciliation Panel)

Click Here to Download the Draft Rule for Chapter XXVIII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER THE COMPANIES ACT, 2013 Chapter XXVIII (Rules in respect of Clause 442: MEDIATION AND CONCILIATION PANEL) 28.1. Panel of mediators/conciliators. (a) For the purposes of sub-section (1) of section 442 of the Act, any body, institute or association which has been authorized… Read More

Tags: Central GovernmentCompanies ActCompanySecretaryCorporate Affairs MinistryGovernment of IndiaIndiaIndian Evidence ActMediation

Draft Rules under Companies Act 2013 :: Chapter XV :: Compromises, Merger and Amalgamations

Click Here to Download the Draft Rules for Chapter XV -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 Chapter XV COMPROMISES, ARRANGEMENT AND AMALGAMATIONS 15.1  Application  for order of a meeting (1) An  application along with a Notice of Admission supported by an affidavit in Form No. 15.1 under sub-section (1) of section 230 for an… Read More

Tags: Board of directorsCompanies ActCompanySecretaryCorporate Affairs MinistryCorporate lawCreditorFeedBurnerIndia

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013 The Ministry of Corporate Affairs has notified  12th Septmber, 2013 as effective date for 98 sections of the Companies Act, 2013 (hereinafter referred as ˜the Act™)  vide its notification dated 12th September, 2013.  Certain important provisions (which have become effective) are briefly… Read More

Tags: Companies ActCompanySecretaryCorporate Affairs MinistryFinancial servicesFixed DepositIncome taxPrivately held companyPublic companySubsidiary

Commencement Notification CA2013 :: National Company Law Tribunal :: Section 409 :: Qualification of President and Members of Tribunal

Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 409- Qualification of President and Members of Tribunal (1) The President shall be a person who is or has been a Judge of a High Court for five years. (2) A person shall not be qualified for appointment as a Judicial Member unless… Read More

Tags: chartered accountantCompanySecretaryCost accountingGovernment of IndiaIndiaIndustrial Disputes Act 1947Supreme Court

Commencement Notification Of Companies Act 2013 :: Notified Section 2 :: Definitions

Commencement Notification Of Companies Act 2013 Notified Details of Section 2 In this Act, unless the context otherwise requires,” (1) abridged prospectus means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulation in this behalf; [ Not Notified] (2) accounting standards means… Read More

Tags: Central Governmentchartered accountantChief financial officerCompanyCompanySecretaryCorporate lawIndiaLawyer

Clarification about Applicability of the Companies Bill, 2013 for Company Secretaries December, 2013 Examination

Students appearing in the ˜Company Law™ paper of ˜Executive Programme™) and Company Secretarial Practice paper of the ˜Professional Programme™ respectively may take note of the following changes applicable for December 2013 Examination: 1. Highlights of the Companies Bill, 2012 as passed by the Parliament on 8th August, 2013 will be applicable under the topics Historical Development… Read More

Tags: BillCompanyCompanySecretaryCorporate Affairs MinistryCorporate lawcorporate social responsibilityHistorical Development of Concept of Corporate LawIndia

ICSI Press Release on passing of Companies Bill 2012

CS S. N. Ananthasubramanian, President, Council of the ICSI welcomes the brand new, modern, growth oriented and futuristic Company Law passed by Rajya Sabha today (08.08.2013). On getting the assent of the Honorable President of India and notification in the gazette, it will replace the existing statute for governance of companies in the country, i.e., the Companies Act, 1956.… Read More

Tags: Chief governance officerCompanySecretaryCorporate lawcorporate social responsibilityICSIIndiaRajya SabhaThe Companies Act 1956

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