Scribd
Upload
4 views1 page

Corporate Governance Under Companies Act

This document outlines the key aspects of corporate governance under the Companies Act of 2013 in India. It discusses the functioning of boards, including the appointment and roles of directors, independent directors, and the board's report. It also examines auditing requirements like internal audits and the appointment and responsibilities of auditors. Finally, it analyzes the mandatory committees of the board, including the audit committee, nomination and remuneration committee, CSR committee, and stakeholders relationship committee.

Uploaded by

Jagdeep singh
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
4 views1 page

Corporate Governance Under Companies Act

This document outlines the key aspects of corporate governance under the Companies Act of 2013 in India. It discusses the functioning of boards, including the appointment and roles of directors, independent directors, and the board's report. It also examines auditing requirements like internal audits and the appointment and responsibilities of auditors. Finally, it analyzes the mandatory committees of the board, including the audit committee, nomination and remuneration committee, CSR committee, and stakeholders relationship committee.

Uploaded by

Jagdeep singh
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

CONTENTS

Title Page No.

1. Introduction………………………………………………………….1
2. Corporate Governance…………………………………………….…2
3. What Constitutes Good Governance?..................................................3
4. Corporate Governance under the Companies Act, 2013………….…4
4.1. Board functioning………………………………………….…….4
4.1.1. Appointment of Board……………………………………….4
4.1.2. Disqualification of directors…………………………………4
4.1.3. Number of Directorships…………………………………….5
4.1.4. Independent Directors………………………………………..5
4.1.5. Code of conduct for independent directors…………………..6
4.1.6. Liabilities of independent director…………………………...6
4.1.7. Board’s report………………………………………………..6
4.2. Audit and Auditors………………………………………………..7
4.2.1. Internal Audit………………………………………………....7
4.2.2. Appointment of auditors……………………………………...7
4.2.3. Rotation of auditors…………………………………………..7
4.2.4. Responsibilities of an auditor………………………………...8
4.3. Committees of Board……………………………………………..8
4.3.1. Audit committee……………………………………………...8
4.3.2. Nomination and Remuneration Committee…………………..9
4.3.3. The Corporate Social Responsibility (CSR) Committee…..…9
4.3.4. Stakeholders Relationship Committee……………………..…9
5. Conclusion………………………………………………………..…10

You might also like