The Four Contours of Good Corporate Remuneration Philosophy

By | 2017-04-13T05:18:02+00:00 April 10th, 2017|Uncategorized|

The recent debate generated by the compensation recommended to the Chief Operating Officer in Infosys has brought into focus the need for defining the contours of a well-crafted Remuneration Philosophy. While opinions can vary, what needs to be assessed is the consistency with which the articulated remuneration philosophy is practiced. This need is recognized [...]

Male Dominance Prevails, despite Growing Feminine Presence in CS Profession

By | 2017-04-13T05:23:54+00:00 March 5th, 2017|Uncategorized|

As we completed our analysis for the Secretarial Audit Reports: Trends and Practices in 2016, we found a few data points of interest that attracted our attention. As in the previous year our population for this study was S&P BSE 500 Companies, which represents the cream of Indian Corporate Sector. It is possible that [...]

A Numeric View of MCA 21: Company Law Compliance in India

By | 2017-04-13T05:26:14+00:00 February 13th, 2017|Uncategorized|

4R’s form the basis for enforcement of any law; Companies Act, 2013, is no exception. Registration, the first R give the registrant a right which is denied to others. Company law too requires registration for giving registrants the benefit of limited liability by giving them a certificate of incorporation along with a unique Company [...]

Related Party Transactions: What is the Role of a Company Secretary? by Gaurav Pingle

By | 2017-04-13T05:27:42+00:00 January 10th, 2017|Uncategorized|

A critical test of good corporate governance for a company is how it deals with Related Party Transactions (RPTs). While the Companies Act, 2013 has laid down what should be done, it is the job of the Company Secretary to ensure that it gets done. Conceptually the Companies Act, 2013 identifies four basic aspects [...]

Book Review: Economic Gloom

By | 2017-04-13T05:29:22+00:00 December 8th, 2016|Uncategorized|

The book identifies proliferation of technology, population growth, globalisation and financialisation as the four pillars of the unprecedented and spectacular growth in living standards in the last 200 years, writes Shankar Jaganathan First Things First: The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril by Satyajit Das [...]

Insolvency and Bankruptcy Bill, 2015: Turbulent Times Ahead

By | 2017-04-13T05:30:52+00:00 November 5th, 2016|Uncategorized|

Company law and Bankruptcy law share a common trait, i.e. limited liability. While all entities incorporated under the Companies Act get limited liability, it is provided to other entities like individuals and partnerships only on meeting certain conditions. Further, it is a strong prevailing belief that where effective corporate and bankruptcy laws prevail economic [...]

Ease of Doing Business: A Cultural Change Needed

By | 2017-04-13T05:32:16+00:00 October 4th, 2016|Uncategorized|

India lags behind in the Ease of Doing Business rankings is not only very visible but painful given the fact that the efforts taken to rectify this situation is very sincere and commendable. Given this, a right question to ask is what could change the equation and make India climb the rankings rapidly. The [...]

What Start-Ups want from the Union Budget 2016?

By | 2017-04-13T05:33:16+00:00 September 4th, 2016|Uncategorized|

An ideal gift is one that does not cost the donor even though it benefits the receiver. The next best is the gift that which costs the donor a fraction of the benefit the receiver gets. Will the Union Budget 2016 have the heart and pocket to accommodate both the gifts for the start-up? [...]

The Regulatory Enigma: Ease of Doing Business and the Company Law, What do the two have in Common?

By | 2017-04-13T05:34:37+00:00 August 22nd, 2016|Uncategorized|

[box] INDIA SECRETARIAL PRACTICE 2015-#1 Triggers for the Study[/box] Our Ease of Business warriors face no less a challenge than what young Abhimanyu faced in the Mahabharata. Confronted with Chakravyuha, Abhimanyu entered the formation but could not exit. The situation is no different today. To use a different mythology, easing the way for business [...]

Book Review: Corporate Disclosures

By | 2017-04-13T05:35:48+00:00 July 12th, 2016|Uncategorized|

(The below is reproduced from Outlook Business, issue of Sept 26, 2015.) A Corporate Evolution Shriram Subramanian of InGovern Research reviews Corporate Disclosures It is not often that one comes across a book where the author decides to follow his own book’s principles in setting up a company. Shankar Jaganathan, who set up [...]

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