EisnerAmper India’s Post

As we celebrate the spirit of Mahatma Gandhi, may his wisdom inspire us to lead with integrity and purpose in all our endeavors. Happy Gandhi Jayanti! Veerendra Jamdade, Rajesh Radhakrishnan, Jeevan Pawar, Shivaji Bedre, Anuroop Khare, Avinash Nerkar #SimplifyPractice #charteredaccountant #cafirms #practicemanagementsoftware #charteredaccountantsoftware #practicemanagement #practicemanagementsystems #charteredaccountantfirmindia #cafirmsindia

📢 Eligibility Criteria for Appointing a Company Director in India 🏢 When appointing a director for your company, it's essential to ensure they meet the necessary legal criteria. https://bit.ly/4epOCXP Here are some key requirements to keep in mind: 1️⃣ Minimum Age: The director must be at least 18 years old. There’s no maximum age limit unless specified by the company’s Articles of Association. 2️⃣ DIN (Director Identification Number): A DIN is mandatory for anyone who wishes to be appointed as a director. It’s a unique identifier that must be obtained before appointment. 3️⃣ Sound Mind: The individual must be of sound mind and capable of making decisions in the best interest of the company. 4️⃣ Disqualification Criteria: Certain individuals are disqualified from being appointed as directors, including those declared insolvent, convicted of fraud or moral turpitude, or those with unpaid calls on shares. 5️⃣ Nationality & Residency: While there are no restrictions on nationality, at least one director must be a resident of India, meaning they should have lived in the country for at least 182 days in the previous calendar year. 💼 Appointing the right director is crucial to the growth and governance of your business. Ensure all legal requirements are met to avoid complications down the line! Need assistance? Contact Vakilsearch for expert guidance on company compliance and more! ✅ #Vakilsearch #LegalServices #CompanyIncorporation #DirectorsDuties

There is a certain complexity that enters a legacy business when many members of the family are spearheading many different product categories, complex markets. Keeping it all together remains a big challenge. 83% of the family businesses have experienced substantial growth. 68% family businesses stated that expanding into new market was top priority, disruption was a top priority. ~ Geetanjali Kirloskar , Chairperson & MD, Kirloskar Systems Ltd at the Session on Securing the Future of Family Businesses: Purpose-Driven and Responsible at #CIIBusinessSummit24 #Growth #Development #CIIFBN #FamilyBusinesses Confederation of Indian Industry CII Southern Region CII Eastern Region CII Northern Region CII Western Region Geetanjali Kirloskar DCM Shriram LTD Ajay S. Shriram JKCement Vir Advani Blue Star Limited Peter Vogel Pooja Jha Sandhya Satwadi Farhad Forbes Young Indians PwC India PwC Priti Jhangiani Falguni Shah Kartik Bharatram Manpreet Singh Ahuja Annu Gupta Kushal Suri Morepen Laboratories Limited India Price Waterhouse Coopers- PwC SRF Limited

#EYDEATH #Anna Sebastian Perayil Today, I reflect on the contrasting acts of accountability in public service and corporate culture. In 1956, Lal Bahadur Shastri, the then Railway Minister of India, resigned after a train accident in Ariyalur, Tamil Nadu, that claimed 144 lives. Although not personally culpable, his resignation showcased unmatched ethical standards and responsibility. In today's corporate world, the lack of similar levels of accountability is evident. Tragic incidents, like an employee's death in a toxic workplace, demand accountability. EY Chairman Rajiv Memani's decision not to resign raises questions about ethical responsibility in modern corporate leadership. #Accountability #Ethics #Leadership

👔 Key Qualifications and Eligibility Criteria for Appointing a Company Director 📄 Choosing the right Company Director is crucial for the success and compliance of your business. But what does it take to appoint one? Here’s a quick guide to the essential qualifications and legal requirements every company in India must follow! ⚖️ https://bit.ly/4epOCXP ✔️ Age Requirement: The director must be at least 18 years old. ✔️ Director Identification Number (DIN): Mandatory for every director under the Companies Act. ✔️ Residential Status: At least one director must be a resident of India. ✔️ Disqualifications: Individuals with an undischarged insolvency or criminal convictions related to fraud are disqualified. These key factors ensure that your company’s leadership is legally compliant and well-prepared to drive growth! 🚀 For detailed insights on appointing the right director, consult Vakilsearch today! #CompanyDirector #CorporateCompliance #BusinessLeadership #Vakilsearch #LegalAdvice

🔍𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫𝐬 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 Independent Directors play a key role in making sure companies are run transparently and fairly. The provisions governing their roles in India have been strengthened over the years to better support their responsibilities. 📝 𝐈𝐧 𝐦𝐲 𝐥𝐚𝐭𝐞𝐬𝐭 𝐚𝐫𝐭𝐢𝐜𝐥𝐞, 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐠𝐮𝐬𝐭 24 𝐞𝐝𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐈𝐑𝐂 𝐄-𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫, I discuss these key provisions and their ongoing impact on companies and directors. These rules have been put in place to enhance the effectiveness and independence of Independent Directors. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞: 📘Strict criteria to maintain the independence of directors. 📘Expanded responsibilities, especially in risk management and board evaluations. 📘Mandatory training to ensure directors stay informed and effective. 📘Clear guidelines for accountability, including rules for resignations and removals. These provisions continue to play a crucial role in strengthening corporate governance and ensuring transparency. 📚 Check out the full article here https://lnkd.in/gJ4e45Hf Thank you for your continued support #CorporateGovernance #IndependentDirectors #IndiaBusiness #Transparency #NIRC #ICAI #ArticlePublication

Few thoughts on what next seven years should look like in GST

Have you recently bought a new house in a posh area in Delhi or Mumbai? Acquired a brand-new luxury car? Become a partner in a law firm? Been appointed as a judge or IAS officer? Received a prestigious award? Became a minister? Achieving these milestones is truly remarkable and deserves celebration. But often, once we reach such heights, we start behaving like we are the world and that the entire world revolves around us. We may start treating those around us rudely. Let’s remember the importance of humility and kindness. Success doesn’t define our worth; our compassion and how we treat others do. It’s time to be humble. Stay grounded, stay humble, and spread positivity. #Success #Achievement #Humility #StayHumble #Kindness #Leadership #Inspiration #Positivity #Growth

there are good signs no doubt but in my view it is the intention of the top mgmt and board to listen to voices who inform the BAD NEWS - in my decades of experience in four leading corporations - what is saw LOT of GYAN on governance but when it comes to them - SILENCE and put under CARPET as far as possible - unless the people at the top respect governance no amount of Lectures, articles, Rules, and laws and regulations are going to borne fruit this is not unique to India - USA is a great example of crony capitalism - the funny thing is the independent directors of a company which is into scams get appointed in some other leading corporate - enough examples I always remember Shri Anil Singhvi who used to work for ambuja cements talking in IIA conference in Mumbai said corp governance will not come with LAW but with intention of the top management DATA proves that abundantly in india and elsewhere - did any corporate get punished for scams in india - 12 lac crores of public money written of by GOI last year - any accountability - it is PUBLIC money PERIOD - SAD state of affairs - it is very unfortunate to the say the least

We see India as a key player in our global strategy. Learn more in this People Matters article featuring Prasad Balakrishnan, RSM US - India leader: https://lnkd.in/gig9kU5y