PPT-Liabilities of Directors

under Negotiable Instruments Act 1881 Workshop Organized by Confederation Of Indian Industry Madhya Pradesh Chapter On 18 th August 2015 At ABV Indian Institute of Information Technology Gwalior. under. The Companies Act 2013. Workshop. Organized by. Confederation Of Indian Industry. Madhya Pradesh. Chapter. On 18. th. August 2015. At ABV Indian Institute of Information Technology, Gwalior. under. Labour. Laws. Workshop. Organized by. Confederation Of Indian Industry. Madhya Pradesh. Chapter. On 18. th. August 2015. At ABV Indian Institute of Information Technology, Gwalior. By Advocate Anil Chawla. Corporate Law: Law principles and practice. Who manages the company?. A company, as an artificial entity, must act through its agents.. A company must have a director/s (one who is a managing director).. It is increasingly common for organisations to have a mixture of executive and non-executive directors on their boards and committees. They are expected to demonstrate strong oversight, provide strategic guidance, and implement effective governance and robust risk management for the organisation. It is against this backdrop of corporate responsibility, and fundamental to the reputation of the company, that director’s remuneration in its broadest sense, is reported accurately, and taxed in the right place, . Stockholders’ Equity. CHAPTER 8. Learning Objectives. After studying this chapter, you should be able to:. Describe how businesses finance their operations. Describe and illustrate current liabilities, notes payable, taxes, contingencies, and payroll. 2.02. Elements of a Financial Statement (Net . Worth Statement. Total assets= current assets + non-current assets. Current- items quickly converted into cash or that will be sold within 12 months. Examples: cash, checking, savings, stocks, bonds, and cash in value of life insurance, money others owe you, current non-depreciable inventory . 1. Learning Objectives. What are the duties of corporate directors and officers?. Directors are expected to use their best judgment in managing the corporation. What must directors do to avoid liability for honest mistakes of judgment and poor business decisions. Chapter 9. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. By CS Makarand Joshi. makarandjoshi@mmjc.in. Coverage of this PPT. Eligibility. Who is eligible to be Independent Director?. Non executive director, not being a nominee director. A director who is not a promoter or related to promoters or directors of the Company or its holding / subsidiary / associate company. Determinable (certain) current liabilities. Operating line of credit and bank overdraft. Short-term notes payable. Sales and property taxes. Current maturities of long-term debt. Uncertain liabilities. CHAPTER 13: Non-Financial and Current Liabilities. After studying this chapter, you should be able to:. Understand the importance of non-financial and current liabilities from a business perspective.. under. Negotiable Instruments Act, 1881. Second Edition – June 2017. First Edition – August 2015. Anil Chawla Law Associates LLP. www.indialegalhelp.com. This Presentation gives an indication of law applicable to prosecution of directors of a company in case of bouncing of . Copyright 2014-2015 AICPA Unauthorized copying prohibited. Fraud Involving the Understatement of Liabilities. The factors that make frauds difficult to detect are things such as. Collusion by outsiders, such as bank executives. -. Neelam. . Meshram. What is declaration of solvency (‘. DoS’. )?. DoS. is a statutory declaration made by the directors, that the . company is solvent and will be able to pay its debts in full.