Month: July 2015

Company Law Board order regarding Financial year change of Nestle India as per Section 2(41) of Companies Act, 2013

Nestle – Approval of the Hon’ble Company Law Board for continuation of Calendar Year as Financial Year of the Company Nestle India Ltd has informed BSE that pursuant to provisions of Section 2(41) of the Companies Act, 2013, the Company has received Order of the Hon’ble Company Law Board, New Delhi allowing the Company to …

Company Law Board order regarding Financial year change of Nestle India as per Section 2(41) of Companies Act, 2013 Read More »

Following provisions of Secretarial Standards (1 & 2) are not applicable to private companies in view of exemptions granted by MCA vide notification dated 05 June 2015 from the provisions of the Companies Act, 2013.

SS-1 Secretarial Standard 1: Meetings of the Board of Directors 2.3 Private companies need not appoint independent directors on their Board and hence need not conduct mandatory one meeting of all the independent directors in one calendar year. 3.2 In case of private company, Notice can also be sent to Interested directors and they can …

Following provisions of Secretarial Standards (1 & 2) are not applicable to private companies in view of exemptions granted by MCA vide notification dated 05 June 2015 from the provisions of the Companies Act, 2013. Read More »

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