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CA 2013 (section 149) mandates that every company shall have a board of directors. The provisions of CA 2013 (section 169) establish that any company director may be removed by the general meeting with a simple majority vote, after giving "special notice" of 28 days. In companies which elect the board by proportional representation according to ...
Only individual Indian citizens can be shareholders in an OPC. At first, only resident Indians could be shareholders, but after an amendment to the Act in 2020, even non-resident Indians can be shareholders. [9] Section 8 companies are non-profit companies governed by section 8 of the Act. Producer Companies are formed for agricultural purposes ...
The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) handles incorporation of new companies and the administration of running companies.
India Trade Promotion Organisation: 1976 Ministry of Commerce & Industry D/o Commerce: Services Trading & Marketing Miniratna Category - I 86 Indian Medicines & Pharmaceutical Corporation: 1979 Ministry of Health & Family Welfare D/o Ayush: Almora, Uttarakhand: Manufacturing Chemicals & Pharmaceuticals Miniratna Category - II 87 Indian Oil ...
The offense of criminal misconduct specified in section 13 of the Prevention of Corruption Act, is being substituted by a new section restricting the criminal misconduct to dishonest or fraudulent misappropriation of any property entrusted to the public servant or if the public servant intentionally enriches himself illicitly during the period ...
Amit Mitra, noted economist and the current Finance Minister of the Indian state of West Bengal was Secretary General, FICCI during 1994–2011. [45] Naina Lal Kidwai is the Past President, FICCI. [46] She is the first Indian woman to graduate from Harvard Business School. [47] and currently is the Group General Manager and Country Head of HSBC ...
Construction Contracts (Omitted by the Companies (Indian Accounting Standards) Amendment Rules, 2018) Ind AS 12 Income Taxes Ind AS 16 Property, Plant and Equipment Ind AS 19 Employee Benefits Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance Ind AS 21 The Effects of Changes in Foreign Exchange Rates Ind AS 23
The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The Chartered Accountants Act, 1949. These officers are from Indian Corporate Law Service cadre.