Is Nominee Director liable to retire by rotation?

Introduction. Companies Act 2013 (‘the Act’) provides for management of companies by the…

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Implications of Not Carrying Out Business Activities as Per Memorandum of Association (MOA)

Introduction Section 4 of the Companies Act 2013 (Act) requires a company’s Memorandum of…

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Whether Consolidation of Limited Liability Partnership [‘LLP’] is Necessary?

Introduction. The very concept of Limited Liability Partnership (LLP) originated from the thought…

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Performance Evaluation of Additional Directors and Directors Liable to Retire by Rotation

Provisions with respect to performance evaluation Performance Evaluation is a periodic process which…

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Admissibility of a Loan in IBC in Case of Violation of 186 of Companies Act 2013

Introduction The provisions of section 186 of the Companies Act, 2013 (Act) states that a Company…

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Officer in Default – When is he liable for penalty?

Introduction. Section 2 clause 60 of Companies Act, 2013 [‘the Act’] defines the…

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