Legal Aspect Of Forming Company In India

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How to form a company in india

Économie & finance Business

By Anand Prakash Jangid ACA,CISA,CISM,ACP

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The 2006 UK Companies Act, which sets out the legal duties and responsibilities of Company Directors, is one of the longest pieces of legislation ever written. Falling foul of the law can have serious consequences for directors including personal and potential criminal liability yet many directors, particularly NEDs, take on their roles in blissful ignorance of the law. Before becoming a company director you should have a basic understanding of your legal duties and responsibilities and you should check for indemnity provisions in the company articles of association and your Directors’ and Officers’ (D&O) insurance arrangements. Once in post, here are 10 things you can do to avoid the potential pitfalls:

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