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New Law on Non cash Transactions Involving Directors - Section 192 of Companies Act 2013
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Mr. Amitav Ganguly
Law Graduate & Qualified Company Secretary
Guest Profile
Mr. Amitav Ganguly is a Law Graduate & qualified Company Secretary with more than three decades of rich experience in senior positions; company secretarial, corporate legal affairs, management and corporate governance; in different industry sectors like investment, manufacturing & real estate. He has also penned more than fifty articles in corporate laws which have been published in eminent journals & referred in ICAI library & RBI. He is associated with a well-known & one of the oldest, listed, pioneering real estate companies in North India, M/s Ansal Properties & Infrastructure Ltd as its Sr. Group Company Secretary. Presently, he is also pursuing a career in writing books and articles on corporate laws, which has always been his passion.


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Background

  • There are well established judicial precedents that the directors of companies have fiduciary obligations and also duties to act reasonably, in good faith and in the best interests of the companies where they hold such positions.
  • Their duties emanate due to holding positions which may be synonymous to trustees as well as agents of their companies.
  • The director’s duties would include duty to disclose interest to the company and to ensure that his personal interest as an agent of the company and the interest of the company which is t


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