AMENDMENT OF SCHEDULE V “REMUNERATION” UNDER THE COMPANIES ACT, 2013

AMENDMENT OF SCHEDULE V “REMUNERATION” UNDER THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (“MCA”) has issued a notification dated March 18, 2021, thereby amending the provisions of Schedule V of The Companies Act, 2013 (“Principal Act”), pursuant to the changes made by Companies (Amendment) Act, 2020 (“Amendment Act 2020”) in the provisions of […]

MANAGERIAL REMUNERATION – The Companies Act, 2013

OVERALL MANAGERIAL REMUNERATION IN TERMS OF THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), REGULATIONS, 2015 INTRODUCTION The term “remuneration” has been defined under Section 2 (78) of The Companies Act, 2013, (“Act”), which means any money or its equivalent given or passed to any person for services rendered by him and […]

REGISTRATION OF ENTITIES FOR UNDERTAKING CSR ACTIVITIES – FORM CSR-1

INTRODUCTION & PURPOSE The Ministry of Corporate Affairs (MCA) has announced new Corporate Social Responsibility (CSR) rules which shall be known as Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. As per the new provisions, every entity that intends to undertake any CSR activity will have to register itself with the Central Government by filing […]