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Period of Appointment It is a point worth noting here that while in the case of a managing director Section 317 restricts the period for which he may be appointed at a time up to five years, there is no such restriction on the appointment of a whole-time director of the company, so that he may be appointed for a […]
Continue reading »Buy-back from existing security holders A Company may buy-back its specified securities from its existing security holders on a proportionate basis in accordance with the provisions of this Chapter. Additional disclosures The explanatory statement annexed to the notice under section 173 of the Companies Act, or the public notice under sub-regulation (1) of regulation 5A shall contain the disclosures mentioned […]
Continue reading »Managing Director The Companies Act, 1956 is well established Act and it declares and defines the concept of managing director in Section 2 (26). Managing Director means a person who, by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of directors or by virtue of its […]
Continue reading »Freelancer is a person who works for themselves as freelance without accompanying the company or association. Sometimes, the freelancer takes the work of the company or organization as a contract and perform the contract ultimately self-employment. They deal the multiple clients at the same time. Operating as a freelancer, for all practical and personal reasons, is really just a business or […]
Continue reading »Eligibility for registered Valuers A person shall be eligible to be a registered valuer if he- is a valuer member of a registered Valuers organization; Explanation- For the purposes of this clause, “a valuer member” is a member of a registered Valuers organization who possesses the requisite educational qualifications and experience for being registered as a valuer; is recommended by […]
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