‘The Landing on the Moon’ Moment in the Indian Regulatory world

By | 2017-06-15T12:21:36+00:00 June 15th, 2017|Uncategorized|

Landing on the moon, Neil Armstrong said ‘That’s one small step for man, one giant leap for mankind’. On a similar vein, Amardeep Singh Bhatia, Jt. Secretary to the Government of India may as well have remarked, ‘One small notification issued, one giant leap for enforcing the company law.’ By notification dated June 13, [...]

The Paradox of Digital Signatures in India?

By | 2017-09-02T11:55:07+00:00 June 6th, 2017|Uncategorized|

Imagine a banking customer handing over their ATM card and PIN number to another person for withdrawing cash. What do we make of that person? A gullible fool, an imbecile or a digital idiot. How many such persons would exist in India today? A handful, tiny, miniscule minority of the ATM customers at the [...]

Are Private Companies Promoters’ Private Affair?

By | 2017-05-05T16:38:35+00:00 May 5th, 2017|Uncategorized|

Revenue Secretary Hasmukh Adhia on April 29th brought into public domain something that is well known to the corporate professionals, 8-9 lakhs of the 15 lakh registered companies in India do not file their annual return with the Ministry of Company Affairs. A brief review and enquiry for this wide-spread non-compliance reveals three specific [...]

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 [...]

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