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SEBI - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

An independent director shall be held liable only in respect of ...

SEBI

February 20, 2020

An independent director shall be held liable only in respect of such acts of omission or commission by a company which had occurred with his knowledge, consent or connivance or where the independent director had not acted diligently. - AT

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  1. Levy of penalty u/s 112(a) of the Customs Act, 1962 - Personal penalty for abetment in evasion of duty of customs - In the context of Section 112(a) of the Customs Act,...

  2. An independent director re-appointed for second term shall be removed by the company only by passing a special resolution and after giving him a reasonable opportunity...

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  6. Right of persons other than retiring directors to stand for directorship - the requirement of deposit of rupees one lakh with respect to nomination of directors shall...

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  8. Functioning of Independent Directors.

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  10. Resignation of director - the requirement for forwarding of copy of resignation by director to the Registrar shall be optional - Section 168(1) of the Companies Act, 2013

 

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