Muds Management

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The Companies Act of 2013 required companies to furnish documents related to their finances and operations every year. Defaulting on submission of these documents for a continuous period of three years had stricter provisions of punishment compared to the previous version of Companies Act. The act considered the director of the company responsible for actions of the company and so, has a policy of......

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According to the Companies Act 2013, if any company fails to submit their financial statement consecutively for three years then the director of the company might be disqualified for five years from the directorship of that company and can also be banned from joining any other organisation as a director. This could adversely affect a director’s career. Here the question to be asked is whethe......

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The Companies Act of 2013 bought some strict provisions for non-complying companies and their directors. The Registrar of Companies reserves the right to remove the company’s name from RoC’s list and order disqualification of directors for a period of five years If the company fails to meet the compliance norms set by the government. This could lead to careers of individuals working as......

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