This article on “The Role of Independent Directors: Reality or Illusion?” is written by Prerna Puthela, BA LLB (Hons) 3rd year 6th semester from Lovely Professional University. The institution of independent directors has emerged as a pivotal mechanism for ensuring good corporate governance. Introduced with the objective of bringing impartiality, accountability, and ethical conduct to […]
It’s vital to know the risks of a breach of confidentiality in today’s world. These risks can hurt both people and businesses a lot. They can cause money losses and damage relationships. In places like healthcare or big companies, keeping secrets is key. Breaches can happen because of mistakes, tech problems, or tough choices. This
A partnership is a type of business structure where two or more individuals share ownership, responsibilities, and profits. While partnerships offer several advantages, such as shared responsibilities, combined expertise, and ease of formation, they also come with significant disadvantages. The drawbacks of a partnership can affect decision-making, financial security, legal liability, and business continuity. Disadvantages
In the world of company law, meetings are key for good corporate governance. The Companies Act, 2013, says meetings are vital for making decisions and running a company. They give stakeholders a chance to talk and decide on important issues. These meetings are important for keeping things transparent, accountable, and fair. This is what good
In India, company law sets the rules for winding up a company. There are two main ways: Winding up by the Tribunal and Voluntary winding up. The Companies Act, 2013, spells out these rules. Knowing these laws is key for companies in India to handle the process smoothly. Winding up a company in India means
We know how important associate companies are for businesses in India. The country’s tech sector is worth $245 billion. Empower, a trusted partner, excels in IT and renewable energy. By teaming up with an associate company, businesses can grow and succeed. Empower says associate companies are key for businesses in India. Their team has decades
We will explore the importance of Schedule 3 in Indian corporate law. It outlines the needs for financial statements, like the balance sheet and profit and loss account, under the Companies Act 2013. The purpose and scope of Schedule 3 are key to ensuring transparency and accountability in financial reports. Understanding Schedule 3 is vital
We’re excited to share our knowledge about the Memorandum of Association. It’s a key document in Company Law in India. This document is vital for starting a company, as the Companies Act, 2013 requires. We’ll cover the main clauses of the Memorandum of Association. This guide will help you understand and follow Indian company law.
Compulsory convertible debentures, or CCDs, are becoming more popular in corporate finance. They have been used in India for foreign direct investment purposes for over a decade. These instruments start as debt but turn into equity after a set time. They offer benefits to both companies and investors. CCDs mix the features of debt
The board of directors is key in shaping a company’s future. It has two main types: executive and non-executive directors. Executive directors manage the company day-to-day. They make decisions and handle daily tasks. On the other hand, non-executive directors offer outside views. They guide and oversee without getting involved in daily work. Knowing the difference