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 [...]
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 [...]
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 [...]
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? [...]
[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 [...]
Dodd’s book offers significant insights by looking at routine economic events and policy responses through a non-economic lens, says Shankar Jagannathan Like cricket in india, money is the subject of discussion in both professional and amateur groups across the world. These discussions often get heated and their circles expand in the context of prominent [...]
(This article was published in the Souvenir released on the occasion of the 40th Regional Conference of Company Secretaries, held in Bangalore on June 19-20, 2015) Do Benefits justify the Cost of Standard Setting? For the first time the world saw two unique business innovation introduced in India by the Companies Act, 2013. Mandating Corporate [...]
Movies and companies have a huge influence on our lives today. While movies impact the popular choice of attire, language and behaviour, in the case of companies their influence is equally strong but only subtle. Not just for impact, but even in their workings common threads can be found. Producers, financiers, directors, actors, editors [...]
Need for Compliance Sitting in the backseat of a cab my friend and I looked on shocked as our driver ran through a series of red lights. As my friend asked him to stop at the next red light, the driver wisely remarked, ‘At 11 in the night, stopping at red light is [...]
Business come in varying sizes. Visualizing this range is helpful in appreciating what is a good business. As visualizations go the colourful world of birds is a good place to start; for birds like business have more in common than their first letter-B. The size of birds range from bee hummingbird weighing 1.6 [...]
