Detailed Procedure for the termination of employment of Company Secretary: The Company secretary is appointed as a whole time employee of the Company. In order to remove the Company Secretary, the Company shall serve the notice of termination to the Company Secretary in terms with the Appointment Letter signed between the Company and the Company…

Introduction Reserve Bank of India has introduced mandatory obtaining of Legal Entity Identifier (“LEI”) registration vide circular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018, issued by the Reserve Bank on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. Legal Entity Identifier (LEI) is a unique 20-character alphanumerical identifier (code) of a Legal Entity assigned…

Companies Act, 2013 makes the provision of passing the resolutions by circulation, to transact urgent matters in cases where holding of Board Meeting is not possible. As per Section 175 of Companies, Act 2013 read with Rule 5 of Companies (Meetings of Board and its Powers) Rules, 2014 the Board of directors may approve/reject the…

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