DO YOU KNOW UNDER COMPANIES ACT.

·       Sharing video recording of minutes with director is discretion of the Chairman and Company Secretary; though such director can always inspect the same at the company's registered office

·       Statutory Auditors should always look into minutes books while evaluating appropriateness of going concern assumption 

·       MD or WTD of a company can not be appointed as CFO of such company.

·       Loan taken by a company from LLP is not exempted from the definition of deposits. 

·       One individual can not be appointed as CFO cum MD of the company

·       Independent directors can even be paid profit related commission.

·       Compensation for loss of managerial office is at the discretion of the Board.

·       Approval of financial statements (and not the books of account) is what is required to be done by the Board under section 134 

·       Even Board of Directors has the powers to remove a director

·       The Independent Directors are different from non executive directors

·       One director malafidely creating obstacles or impediments in functioning of the Board is breach of his duties towards the company 

·       Subsidiary company always owes accountability towards the holding company despite being autonomous in it's functioning 

·         It is not mandatory that sitting fees must be paid to independent directors

·       Unfair obstruction of proceedings at the Board Meeting or Committee Meeting by any director impacts his performance evaluation

·       Ensuring compliance of Ind AS is one of the monitoring responsibility of Audit Committee