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Created in the year 1967 as a service to administer the Companies Act, 1956 as the Company Law Service, it was renamed as Indian Company Law Service in the year 2002. The service functioned under Ministry of Finance (Department of Company Affairs) till 2004, after which an independent ministry by the name Ministry of Corporate Affairs was created to administer the Corporate Sector in India.
These officers are from Indian Corporate Law Service cadre. 'ICLS' is an organised Group A service recruitment of which is done by UPSC through Civil Service Examination since 2009 along with other services like IRS, IAS & IPS etc. [1] There are currently 25 Registrars of Companies (ROC) operating from offices in all major states of India. Some ...
Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules. [5] The definition of legal compliance, especially in the context of corporate legal departments, has recently been expanded to include understanding and adhering to ethical codes within entire professions, as well.
The candidate must score at least 40 questions correctly to proceed to the second part of the exam, which are four essay questions and a drafting project (motion, opinion or claim document) in Civil Law (including Consumer Law), Labour Law, Criminal Law, Administrative Law, Constitutional Law, Corporate Law or Tax Law, and their respective ...
The Presidentially-appointed Board members granted review of 170 initial decisions, remanding the case for further review in 112 cases, reversing the initial decisions of MSPB administrative judges and administrative law judges in 30 cases, affirming the initial decision in 18 cases, and taking another action in 10 cases.
Most common law jurisdictions have abandoned role for the board in derivative claims, [166] and in most US states before the 1980s, the board's role was no more than a formality. [167] But then, a formal role for the board was reintroduced.
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Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .