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(1) Subject to the provisions of this Act, a director of a company shall act in accordance with the articles of the company. (2) A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the ...
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.
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. [1] It was repealed and replaced by the Companies Act 2013.
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
Dick Van Dyke knows he won't be around forever, but when death comes, he won't be afraid.. The legendary entertainer, 98, stars in Coldplay's latest music video for their song, "All My Love," and ...
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 .
A 6-inch Turkey Breast Sandwich at Subway is one of the healthiest items on the menu if you forgo the cheese and condiments and opt for their nine-grain wheat bread. DeFazio also suggests adding ...
Sweet potatoes, for instance, dropped by 26.2%, while the cost of 1-pound of frozen peas went down by about 8%. A 30-ounce can of pumpkin pie mix, whole milk, frozen pie crust, and one-pound ...