Role, Duties & Liabilities of Directors under Companies Act by Gaurav Pingle скачать в хорошем качестве

Role, Duties & Liabilities of Directors under Companies Act by Gaurav Pingle

Corporate failures in the recent past such as Satyam, Sahara, Kingfisher brought out the fact that the Companies Act, 1956 (“1956 Act”) was ineffective at handling some of the present-day challenges of a growing industry and interests of increasing classes of sophisticated stakeholders. The Companies Act 2013 (“2013 Act”) The 2013 Act has ushered in a new era of corporate governance, by increasing the roles and responsibilities of the board, protecting shareholders' interests, bringing in a disclosure-based regime, and built-in deterrence through self-regulation. The 2013 Act has also introduced several measures which have the effect of considerably enhancing the duties and liabilities of directors and imposition of stringent penal provisions in case of breach of any statutory provisions. While some of the requirements already existed for listed companies as part of the Listing Agreement, the new requirements under the 2013 Act apply to all companies. In this webinar, the Speaker provides an insight on the duties and liabilities of the directors under the 2013 Act and the practical measures which may be adopted by them, for complying with these duties. Disclaimer The information provided in the video is for informational purposes only and are not intended to serve as a substitute for consultation with a lawyer. Specific legal issues, concerns and conditions always require the advice of appropriate legal professionals. Every effort has been made to avoid errors in this video. Any mistake, error or discrepancy noted by the netizens may be brought to the notice of the team along with evidence of it being incorrect. 0:00 Introduction 3:14 Director- Meaning & types 14:56 Key Managerial Personnel 16:34 Officer in default 22:08 Section 166 of the act 25:22 Important Duties under SEBI (Listing obligations and disclosure requirements) Regulations, 2015 29:46 Commencement of Business 31:50 Disclosure of Interest by Director- General Disclosure 35:57 Disclosure of Interest by Director- Specific Disclosure. 38:57 Disclosure of Interest by Director- Subsequent Specific Disclosure 41:37 Vacation of office of the Director (some points) 43:58 Directors responsibility statement 47:19 Disclosure of events or information 52:03 Resignation of Director 55:35 Section 149(12) of the act 1:00:54 Contravention by company 1:02:32 Section 2(60) (circular) 1:08:44 Q&A