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Corporate Governance
Expert board compliance and secretarial services for Indian companies
What is Corporate Governance?
📌 Overview
Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders including shareholders, management, customers, and the community.
✅ Key Services
Board meeting documentation, annual compliance calendar, secretarial audit, DIR-3 KYC filing, ROC filings, board resolutions, annual returns (MGT-7), financial statements (AOC-4), and director's report.
⚖️ Legal Framework
Corporate governance in India is governed by the Companies Act, 2013, SEBI Listing Regulations (for listed companies), and Secretarial Standards issued by ICSI. Key sections include 149 (Board composition), 179 (Board powers), 184 (Disclosure of interest).
Important FAQs
❓ How many board meetings are required per year?
At least 4 board meetings must be held every year, with a gap not exceeding 120 days between two consecutive meetings as per Section 173 of Companies Act, 2013.
❓ What is DIR-3 KYC?
DIR-3 KYC is an annual filing requirement for all directors with DIN (Director Identification Number). It must be filed with MCA by September 30 each year.
❓ What is the penalty for non-compliance?
Penalties for corporate governance non-compliance range from ₹50,000 to several lakhs per default, and may also include imprisonment for directors under serious violations.
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