Independent Director

Related-Party-Transactions-9ba2ec92

All about Related Party Transactions – Part 4 (Disclosures, Audit Committee, Registers, Meeting notices, Penalties)

Disclosures Companies Act 2013 Specified Transactions – Non Arm’s Length transactions & Material Arm’s Length transactions To be reported vide Form AOC-2 LODR Half yearly on consolidated basis AS/Ind AS All transactions Audit Committee Approval or any subsequent modification of RPTs In case of RPTs other than those referred to in Sec 188, Audit Committee …

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The LLP (Amendment) Act, 2021

MCA Provides Relaxation to specified practicing CA, CMA and CS w.r.t conducting online Test for Independent Director

MCA issued notification dated 19 Aug 21 providing some further relaxation from online proficiency test for appointment as ID after database registration. A person practicing as Advocate, CA, CMA, CS for more than 10 years will not be required to qualify the test.  Read below notification for details-  

Reliance

Reliance 44th AGM 2021 Key Announcements

Reliance Chairman Mukesh Ambani made major announcements during the 44th Annual General Meeting (AGM). Here are the key highlights: Mr. Yasir Al-Rumayyan joins Reliance Board: Mr. Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor PIF joins Reliance board as an independent director, while YP Trivedi retires from Reliance board. Mr Mukesh Ambani said, to achieve …

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