The article on “Lifting the Corporate Veil” is written by Danish Sharma, BBA LLB, Lovely Professional University. The Companies Act of 2013 is a fundamental part of India’s corporate regulatory framework and is based on the principle that a company has a separate legal identity, distinct from its members. This concept, often referred to as […]
The article on “Corporate Governance and the Significance of Independent Directors in India” is written by Armaan Malhotra, BBA LLB, Lovely Professional University. Corporate governance is a basic principle of the company law and it is about transparency, accountability and ethical behavior in the corporate organizations. Independence of directors is critical in the Indian context
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.