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 Meeting, Board, Board of directors, Chief executive officer, Companies Act, CompanySecretary, India, Legal liability
Corporate Criminal Liability – An Indian Perspective
A. INTRODUCTION CONCEPT & RATIONALE OF CRIMINAL LIABILITY OF CORPORATION Corporate bodies are more corrupt and profligate than individuals, because they have more power to do mischief, and are less amenable to disgrace or punishment. They neither feel shame, remorse, gratitude nor goodwill Hazlitt. [1] The evolution of the concept of criminal liability of corporations is… Read More
Tags: Corporation, criminal law, India, Law, Legal liability, Legal personality, Supreme Court of India, United States
Commencement Notification CA2013 :: Miscellaneous :: Section 447 :: Punishment for fraud
Chapter XXIX Miscellaneous (447 - 470) Section 447- Punishment for fraud Without prejudice to any liability including for repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall… Read More
Tags: Company, FeedBurner, Fraud, Law, Legal liability, Legal personality, Punishment, Site of Special Scientific Interest
CLR Flash :: Commencement Notification Of Companies Act 2013 :: 98 Sections Notified
The Ministry of Corporate Affairs, has notified 98 sections of the Companies Act 2013 (18 of 2013) by way of a notification dated 12th September 2013. All these sections will now come into immediate effect from 12th September 2013. The professional must now read both the Companies Act viz. 1956 and 2013 together, in order to… Read More
Tags: 12th September 2013, Central Government, Chapter VII of the United Nations Charter, Companies Act, Companies Act 2013, Corporate Affairs Ministry, Corporate law, Government of India, Legal liability, Public Offer, Red herring prospectus, September 2013, Share capital, Shelf registration, Subsidiary
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