Gaurav Srivastava & Associates

                                                         Introduction The Companies Act, 2013 has linked section 164 to section 167 leading to an impression that disqualification under section 164 leads to automatic vacation. Section 164 of the Companies Act, 2013 states various disqualifications for appointment/ reappointment of Director in a company. Further, Section 167 of the Act states the instances for the occurrence of the vacation of the office of director. Additionally, a statutory auditor is also mandated under Section 143 (3) (g) of Act, 2013 to report whether any director is disqualified from being appointed as a director under Section 164 (2) in the Auditor's report. This article intends to discuss the applicability of one such provision as specified under Section 164 (2) of the Act read with Section 167. Po...

PRODUCER COMPANY – AN OVERVIEW AUTHOR "CS CHARU AGGARWAL" Producer Company pursuant to Section 465 (1) of the Companies Act 2013 & Section 581A to 581ZL of Companies Act 1956 1.       What is Producer Company? Why should we go for Producer Company? 2.       What are the benefits including tax benefits to the member of such company? 3.       Is there any kind of financial support provided by Government to Producer Company? 4.       What are the formalities and procedure to incorporate such company? 5.       Whether it is required to maintain statutory registers in case of Producer Company also? There are so many queries of clients which our professionals need to answer. We tried to answer these questions through this article.   Applicable Law: According to Section 465 of the companies Act 2013, the provisions of Part...