Key Highlights
- Company Finance & Investments Detailed treatment of inter-corporate loans, investments, guarantees, and securities, including delegation of powers, statutory limits, approvals, exemptions, and the applicability of sections 179, 185, and 186 of the Companies Act, 2013.
- Financial Assistance & Related Party Controls In-depth analysis of prohibition on financial assistance, treatment of comfort letters, related party transactions, and the consequences of voidable contracts.
- Dividend Law & Shareholder Rights Comprehensive coverage of declaration and payment of dividend, interim dividend, dividend out of reserves, rights of preference shareholders, unpaid dividend, transfer to the Investor Education and Protection Fund, and restrictions on distribution of share premium.
- Reserves & Capital Maintenance Authoritative guidance on capital reserves, free reserves, revaluation reserves, and their utilisation in buy-back, bonus issues, and corporate restructuring.
- Audit & Reporting Obligations Clear exposition of auditors’ duties, reporting of frauds, standards of care, liability for negligence, and the evolving scope of accountability under the Companies Act, 2013.
- Offences, Liabilities & Corporate Criminal Law Exhaustive analysis of vicarious liability, corporate criminal liability, attribution of mens rea, prosecution of directors and officers, compounding of offences, and relief from liability under statutory provisions.
Supported by extensive Indian and English case law, this book is an indispensable resource for company secretaries, chartered accountants, auditors, corporate lawyers, compliance professionals, directors, regulators, and advanced students of corporate law.
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