level management, is responsible for ensuring the smooth functioning and decision making in any company. To appoint, elect or de-elect a member from the group of people who exercise utmost authority in Corporate Governance is a matter that has received significant legal attention. Therefore, certain procedures and provisions have been laid under “The Company’s Act (Amendment) 2013” dictating the terms of appointment and removal of directors in a company. According to the new provisions under the amendment act, only individuals shall be deemed to be the directors of the company i.e. no artificial legal entity/person (for example, another corporate firm) shall be allowed to hold the position. These provisions are discussed below:
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At a time when major economies of the world are witnessing an economic slump, layoffs, cut in employee's salaries, etc, India seems to be performing well. Despite all negative media propaganda, India's economy is performing well in terms of tax collection, elimination of black money, export of agricultural products, software, highly talented professionals, goods and services, generation of new jobs, ease of doing business, etc. The government of India has allowed 100% FDI in several private sectors. That is why, business individuals from all over the world has been arriving India to start their business activities and earn handsome revenues every day, week, month, and year.
Although, the process to register a private limited company in India is simple and straightforward, but can be quite stressful for unfamiliar individuals. If you want to register your business as a private limited company and do business legally, here are the essential steps that you need to follow: |
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