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Corporate Governance Provisions in Companies Act (Hindi)
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Awdhesh Singh is teaching live on Unacademy Plus

Awdhesh Singh
Director,, An E-learning platform for Civil Services, Schools, GST etc., IITian, Former IRS Officer CSE-1989 rank 272

Unacademy user
Love u mam......i am very weak in english but gradually i will fine with your help thank you so much.
Thankyou So Much Guru Ji
thank sir..... awesome course
  1. Corporate Governance Provisions in Companies Act Dr Awdhesh Singh

  2. About Me . B Tech (IIT-BHU Varanasi), M Tech (IIT-Delhi) & PhD IITM-G . Joined IRS (C&CE) in 1991 & took voluntary retirement in 25Years of experience as Customs, Central Excise & Servi Spiritual Intelligence (GST) Certificate of Merit from World Customs Organisation in Presidential Award from Government of India in 2015 LEADERSHIP . Top Quora Writer 2017 with 140K+ followers, 55 Million+Awbirst 's Authored Four Books MYTHS AR REA REALITY Practising Spiritual Intelligence (2013) GST The Secret Red Book of Leadership (2015) . Myths are Real, Reality is a Myth (2017) . GST Made Simple (2017) MADE SIMPLE Follow Me @ MYTH . . Facebook/DrAwdhesh

  3. 1. National financial Reporting Authority . Formulate the accounting standards Monitor compliance of the standards . Investigate professional and other misconduct that chartered accounts and their firms commit

  4. 2. Audit and Auditors . Individual auditor to be appointed for five years in listed company . Auditor shall have the right of access of all books of accounts and vouchers Auditor to report frauds by officers or employees . Auditors can't provide banking, financial services etc. to company

  5. 3. Directors . At least one-third of total number of directors to be independent directors . Independent directors are the custodian and conscious keeper of the Board May receive remuneration and reimbursement of expenses . May hold office up to five years . 2/3rd directors by proportionate representation

  6. 4. Audit Committee .Every listed company and some other specified companies have to set up an Audit Committee. Audit committee to have minimum three independent directors . At least two of them should understand financial statements . Audit committee can investigate any matter and report to Board

  7. 5. Related Party Transaction . Related party transactions means the transactions in which board members or their family members have direct interest. . If transaction exceed the specified limit, prior approval of company in general meeting is needed

  8. 6. Class Action . In legal action, only the litigant gets the benefit . In class action, all persons of the same class gets the benefit

  9. 7. Corporate Social responsibility . Companies to constitute Corporate Social Responsibility Committee, if having . Net worth above RS 500 crores Turnover over 1000 crores . Net profit over 5 crores . Committee to recommend to Board Corporate Social Responsibility (CSR) policy Company to spend at least 2% of average net profit on CSR

  10. CSR Programmes may cover . Eradicating extreme hunger and poverty . Promotion of education . Promoting gender equality . Empowering women . Reducing child mortality Ensuring environmental sustainability . Enhancing vocational skills Social business projects . Contribution to PM's National relief fund