Knowledge Hub - MMJC - Page 5

Introduction: With the beginning of the new fiscal year, there has begun a new cycle of compliances. Considering the lengthy list of compliances, a compliance calendar proves to be a useful tool for the secretarial teams of companies. A compliance calendar is a date wise list of compliances to be undertaken during the year. The

Introduction. Since the time of very origin of law, the basic concept of law is that, only the actual wrong doer should be punished and not the innocent one. However, as far as the law of torts is concerned, there can be found an exception to this basic principle of law. In general parlance, torts

Introduction. After International Financial Reporting Standards have laid importance on reporting of beneficial owners of corporate entities, the regulators across the world have become vigilant in this behalf. In India, the Ministry of Corporate Affairs (‘MCA’) is taking multiple steps to ensure proper disclosure of beneficial interest in the company by the shareholders. In its

Introduction. As far as the corporate structure of business is concerned, the most important feature is that the company is owned by shareholders and is managed by the board of directors appointed by the shareholders. Even though the board manages the company, the owners of the company, that is, shareholders have control over the company

‘Shareholders are de jure owners, and directors are de facto owners in a company’. This is an old saying explaining the position of shareholders and directors in a company. But off late, with more and more complex corporate structures being introduced in the capital markets for owning shares in a company, regulatory focus has been

introduction. With a view to enhance the cashflow management and financial growth of Micro, Small and Medium enterprises (MSMEs), section 15 of Micro Small and Medium Enterprises Development Act 2006 (MSMED Act 2006) mandates all the businesses who buy goods and services from MSMEs to make payment to such MSMEs within 45 days from date

Introduction Section 133 of the Companies Act 2013 (‘the Act’) authorises Ministry of Corporate Affairs (‘MCA’) in consultation with National Financial Reporting Authority (‘NFRA’) to prescribe the accounting standards to be followed by companies while preparing the financial statements. Accordingly, MCA had notified accounting standards prescribed by Institute of Chartered Accountants of India (‘ICAI’) on

Background ESG Rating Providers [ERP’] are rating agencies registered with SEBI. ERPs provide ratings on all ESG factors of a listed entity. SEBI vide its master circular dt: May 16, 2024[1] stated that ERPs must have efficient systems to track material developments related to environmental, social and governance factors to ensure ESG ratings. Material development