The independent director’s role is to bring more transparency in a company and ensure optimised use of the company’s resources and finances.
Introduction: On 5 November 2017, the Ministry of Corporate Affairs directed that it has struck down around 2.24 lakh shell companies that were considered inactive by the government of India. This step was said to be taken because most of these companies were not filing their annual returns, financial statements, Read more…
Introduction: The executive management of a company is responsible for the day-to-day management of a company. The companies Act, 2013 has used the term key management personnel to define executive management. The top management employees are the company’s initial point of contact with its stakeholders. While the Board of Directors Read more…
Introduction: A few years back, under the Insolvency & Bankruptcy Statute, 2016, homebuyers don’t have enough security. As a result, if they were placed by the homebuyers, then in the stumble as they did not maintain their assertions under the Code against real estate firms. The legislation passed the Insolvency Read more…