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ii) those by a Managing Director, whole-time director or manager subject to the control and guidance of the Board of Directors i.e., he is liable to the Board of Directors and the function of the corporate. As per Clause 49, for a company with an Executive Chairman, at least 50 per cent of the board should comprise independent directors. In the ...
Prime Minister Narendra Modi chairing a video conference with the state Chief Ministers on May 11, 2020. The Indian state governments have responded to the COVID-19 pandemic in India with various declarations of emergency, closure of institutions and public meeting places, and other restrictions intended to contain the spread of the virus.
India reported its first case of COVID-19 in January 2020, and by March 2020, the government implemented a nationwide lockdown to contain the spread of the virus. However, this lockdown resulted in significant economic disruption and social challenges, particularly for the millions of informal workers who lost their livelihoods.
The two exchanges also mandate that to qualify as independent, a director of a public company can receive no more than $120,000 in compensation from it during a 12-month period.
In India as of 2017, a majority of the minimum three directors of public companies having share capital in excess of Rs. 100 million (Rs 100,000,000) should be independent. Clause 49 of the listing agreements defines independent directors as follows:
Modi stated; "Made in India vaccines are a symbol of Atmanirbhar Bharat". [49] On 12 May 12 October and 12 November 2020, the government announced a total of three Atmanirbhar Bharat packages worth ₹ 29.87 trillion (equivalent to ₹ 35 trillion or US$410 billion in 2023) in relation to the COVID-19 pandemic in India. The second and third ...
The 2013 Companies Act superseded the Companies Act of 1956, under whose provisions Indian corporations previously operated.In addition to the Companies Act, corporations are subject to other regulations administered by the Ministry of Corporate Affairs (MCA), [1] which has two branches: the Regional Director (RD) and the Registrar of Companies (ROC).
On 30 April 2021, it became the first country to report over 400,000 new cases in a 24-hour period. [15] [6] Experts stated that the virus may reach an endemic stage in India rather than completely disappear; [16] in late August 2021, Soumya Swaminathan said India may be in some stage of endemicity where the country learns to live with the ...