Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Compensation for Loss of Office: Section 202
Section 202 sets who may receive compensation for loss of office, the six cases where nothing may be paid, and the three year cap on a severance payment.
Functions of a Company Secretary: Section 205
Section 205 of the Companies Act sets three functions of a company secretary, defines secretarial standards, and preserves the duties of the board alongside.
Independent Director: Section 149 Explained
What an independent director is under section 149 of the Companies Act: the independence tests, the one-third rule for listed public companies, and tenure.
Vacation of Office of a Director: Section 167
Vacation of office of a director under section 167: the eight grounds that empty the office automatically, the appeal window, and the all-directors fallback.
Meetings of the Board: Section 173 Explained
Meetings of the Board under section 173: four a year, no more than 120 days apart, seven days notice, and when a director may join by video conferencing.
Quorum for a Board Meeting: Section 174
Quorum for a board meeting under section 174 is one-third of total strength or two directors, whichever is higher, and video participation counts towards it.
Resolution by Circulation: Section 175
A resolution by circulation lets a board decide without meeting. Section 175 sets what is circulated, who approves it, and the one-third veto forcing a meeting.
Audit Committee: Section 177 Explained
The audit committee under section 177: which companies must constitute one, the three-director composition with an independent majority, and its mandate.
Nomination and Remuneration Committee: S.178
The nomination and remuneration committee under section 178: who may sit on it, the remuneration policy it formulates, and where that policy is disclosed.
Stakeholders Relationship Committee: S.178(5)
The stakeholders relationship committee under section 178(5): the thousand-holder trigger, its non-executive chairperson, and the grievances it must resolve.
Vigil Mechanism Under Section 177(9)
A vigil mechanism is the whistle-blower channel section 177(9) requires: which companies must establish one, the safeguards in 177(10), and how it is disclosed.
Register of Contracts: Section 189 Explained
The register of contracts under section 189: which interested-party contracts go in it, the Form MBP 4 particulars, and the five lakh rupee carve-out.
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