As per section 164(2)(a), no person who is or has been a director of a
company which has not filed financial statements or annual returns for any continuous period of three financial years shall be eligible to be re-appointed as a director of that company or appointed in other company for a period of five years from the date on which the said company fails to do so. Under the 1956 Act, such disqualification was with respect to non-filing of annual accounts or annual returns of a public company. In case, all the directors disqualify, how the company would function. Some time period needs to be given to regularize the default.
If a Company has granted stock options prior to the promulgation of the
Companies Act, 2013, then whether such stock options can be exercisable by the Independent Directors?
Whether every company is required to alter its Articles of Association as per the new format under the Companies Act, 2013 ?
Section 2(41) defines the term ‘Financial Year’. Proviso to the said section
empowers Tribunal for allowing any period as financial Year. The provisions
relating to Tribunal are not notified. What is the recourse.
Whether the subsidiary of a foreign company be termed as public company or private company as per the Companies Act, 2013.
Whether a lending transaction would fall under the definition of digital lending only if all the processes in the life cycle of a loan, viz., customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service, are carried out digitally or some of the aforesaid processes can be carried out in physical mode also?
What is the meaning of deposits held in the same capacity and same right and deposits held in different capacity and different right?
Are Relief/Savings Bonds also Government securities? Does the G S Act and the G S Regulations apply to them as well?
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