Company Secretaries and Corporate Professionals

Appointment of key managerial personnel: (1) Every company belonging to such class or classes of companies as may be prescribed shall have the following whole-time key managerial personnel,- (i) managing director, or Chief Executive Officer or manager and in their absence, a whole-time director; (ii) company secretary; and (iii) Chief Financial Officer: Provided that an individual shall not be appointed or reappointed as the chairperson of the company, in pursuance of the articles of the company, as well as the managing director or Chief Executive Officer of the company at the same time after the date of commencement of this Act unless,- (a) the articles of such a company provide otherwise; or (b) the company does not carry multiple businesses: Provided further that nothing contained in the first proviso shall apply to such class of companies engaged in multiple businesses and which has appointed one or more Chief Executive Officers for each such business as may...

FORM MBP - 1 Notice of interest by director [Pursuant to section 184 (1) and rule 9(1)] To The Board of Directors ABC Limited Dear Sir(s) I,X , son of Mr. Y, resident of -------------, India, being a director in the company hereby give notice of my interest or concern in the following company or companies, bodies corporate, firms or other association of individuals:- Sl No. Names of the Companies /bodies corporate/ firms/ association of individuals Nature of interest or concern / Change in interest or concern Shareholding/ No. of shares Date on which interest or concern arose / changed 1. ABC Limited Director and Member 1 01/04/2004 2. XYZ Private limited Director &Member 500 02/05/2003 3. Supply Private Limited Indirectly Interested (Father Being Director and Member) 0 28/09/2010 4. 5. ...

We know very well about Banks, apart from banks in India there are large number of private owned, decentralised and small sized financial Institutions known as Non-Banking Financial Companies. In recent times, the Non- Banking Financial Companies (NBFCs) have contributed to the Indian Economy and its growth by providing Credit and Deposit facilities to certain segment of the society such as unorganized sector and small borrowers. NBFCs provide financial services like hire-purchase, leasing, loan, investments etc. NBFCs can be classified into deposit accepting and non- accepting deposit Companies. NBFCs are small in size and owned privately. The NBFCs have grown rapidly since 1990. They offer attractive rate of return. They are fund based as well as service oriented companies. In India it is compulsory to register NBFCs with the Reserve bank of India (RBI). The NBFCs in developed countries have grown significantly and are now coming up in a very large way in developing count...