Contributed by – Athira Ramesh Email – athira@simplybiz.in Executive Summary The Companies Act, 2013 fundamentally transformed corporate governance in India by codifying directors’ duties under Section 166 and delineating board powers under Section 179. For corporate secretarial practitioners, understanding how legal teams structure internal policies including Directors and Officers (D&O) insurance, training protocols, and disclosure […]

Contributed by: Medha Srada Email – Medha@simplybiz.in Background – What is NBFC? A Non-Banking Financial Company (NBFC) is a Company registered under the Companies Act that is engaged in the business of loans and advances, acquisition of shares, or leasing and hire-purchase but which does not carry on agricultural, industrial, or goods-trading activity as its principal business. To […]

Contributed by – Athira Ramesh Email – athira@simplybiz.in Introduction Under Indian corporate law, company directors face an unsettling reality: they can be held criminally liable for offenses committed by their company, even without actual knowledge of the wrongdoing. This principle of vicarious criminal liability has emerged through statutory provisions and judicial interpretations aimed at ensuring […]

Contributed by – Seema Gupta Email – seema@simplybiz.in Introduction The classification of a shareholder as a Promoter or Public Shareholder is of significant regulatory importance under the Indian securities law framework. Promoters are generally regarded as persons who exercise control over the affairs and management of a listed entity and are consequently subject to enhanced disclosure obligations, governance responsibilities, and regulatory restrictions. However, […]