The government is set to tighten norms for auditors and independent directors. The move is part of a fresh overhaul of the Companies Act, which is in the works. Auditors may not be able to get away by simply resigning from assignments when the going gets tough. The government is looking to mandate a report by the auditors to the shareholders, which will list the reasons for their resignation. Besides, rules are proposed to be tightened for independent directors, who will have to step down from board on completion of a specified number of years. It will come with the stipulation that an individual’s term as an additional director will be added to the tenure as an independent director so that board members do not get entrenched in the company.
Can any one share the reason for the Resignation of an Auditor ?
Under Companies Act 2013, Following class of public companies shall have at least 2
Independent Directors:
? Public company having paid?up share capital of Rs. 10 Crore or
more;
? Public company having turnover of Rs. 100 Crore or more;
? Public company having aggregate outstanding loan,
debentures and deposits exceeding Rs. 50 Crore.
In case of Private Comp[any which is WOS of limited Company that comp[any also need to be appoint the Independent Director in the Board ?
Hello,
No, the access to both versions can be seen in the Sign in / Sign up in the MCA portal –
mca.gov.in wherein separate access is provided for LLP and separate for Companies related
filing
Hi All,
Can ESOP shares which are already vested be allotted to employees who have left the Company.
Kindly help.
Dear all
I need draft resolution of Conversion from Private limited to section 8 company, anyone have.
conversion
procedures
resolution
draft
have
anyone
Hi,
All ROCs have also clarified that the extension granted in their Order shall not cover the applications filed in Form GNL-1 for the extension of AGM, where the extension approved was for a period of more than two months.
Will the registrar’s order also apply to a company that has its first AGM this year?
Dear All
Any one from our group dealing with APR return with RBI?
Dear Professionals,
Could you check and update, please!
How to sort out this issue?
Dear Professionals,
Could you check and update, please!
How to sort out this issue?
Incorporation Forms sent for Resubmission with following remarks:
1. Details in column 14 of AGILE-PRO w.r.t. ESIC registration have not been selected. Further you are required to provide the correct Branch office and Inspection office from the available drop-down options.
However, for city which are not cover under the list of Implemented area, column 14 of AGILE-PRO automatically hide and not allowed to select information i.e. Branch Office and Inspection Office.
Anyone have any idea how to resolve this query.
Ticket raised but in reply i received messary that contact CRC. No one receiving call on CRC Helpdesk.
selected
been
have
registration
esic
If a Company has been incorporated but the Subscribers have not paid subscription money, whether it is necessary to issue share certificates within two months as per the provisions in Companies Act, 2013?
Click here to view / answer Share it onmoney
subscription
paid
have
subscribers
'FINANCIAL YEAR -
What is a procedure to have and continue the calendar year as a financial year by a company that has Foreign Collaboration?
Foreign Company has 60% shareholding in Indian Co. Is it any time limit to get approval from any authority? '
