1. 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 Senior Partner, Anil Chawla Law Associates LLP www.indialegalhelp.com This Presentation gives only an indication of the various provisions related to penalties and punishments for Directors under The Companies Act, 2013 of India. It is not intended to be either complete or exhaustive narration of the subject.

2.  Companies Act, 2013 (the Act) is a Draconian law  Hardly any distinction between small companies and large companies  Start of a new inspector-raj  Anti-business bias  Duties, penalties and punishments more stringent than applicable for public servants or heinous crimes. August 2015Copyright - Anil Chawla Law Associates LLP2

3. A1.Officer A2.Manager A3.Managing Director A4. Key Managerial Personnel A5. Officer in Default Copyright - Anil Chawla Law Associates LLP3 August 2015

4. A1.Officer 4Copyright - Anil Chawla Law Associates LLP August 2015 Section 2(59)

5. A2.Manager Copyright - Anil Chawla Law Associates LLP5 August 2015 Section 2(53)

6. A3.Managing Director Copyright - Anil Chawla Law Associates LLP6 August 2015 Section 2(54)

7. A4.Key Managerial Personnel Copyright - Anil Chawla Law Associates LLP7 August 2015 Section 2(51)

8. A5.Officer in Default Copyright - Anil Chawla Law Associates LLP8 August 2015 Section 2(60)

9. A5.Officer in Default (Continued) Copyright - Anil Chawla Law Associates LLP9 August 2015 Section 2(60)

10. B1.Duties of Directors B2.Disqualification to be a Director B3.Cognizable Offences with No Bail B4.Protection of Independent Directors Copyright - Anil Chawla Law Associates LLP10 August 2015

11. B1. Duties of Director Copyright - Anil Chawla Law Associates LLP11 August 2015

12. B1. Duties of Director (Continued) Copyright - Anil Chawla Law Associates LLP12 August 2015

13. B2.Disqualification to be a Director 13Copyright - Anil Chawla Law Associates LLP Section 164 August 2015

14. B2.Disqualification to be a Director (Continued) 14Copyright - Anil Chawla Law Associates LLP Section 164 August 2015

15. B3. Cognizable Offences Without Bail Copyright - Anil Chawla Law Associates LLP15 August 2015 Section 212(6)

16. B4. Protection of Independent Directors Copyright - Anil Chawla Law Associates LLP16 August 2015 Section 149(12)

17. Copyright - Anil Chawla Law Associates LLP17 August 2015

18. Chapter II – Incorporation of Company and Matters Incidentals Thereto Copyright - Anil Chawla Law Associates LLP18 August 2015 Note: Rs. 1 Lakh = Rs. 100,000 = Rs. 0.1 million Rs. 1 Crore = Rs. 10,000,000 = Rs. 10 million

19. Chapter III – Prospectus & Allotment of Securities 19Copyright - Anil Chawla Law Associates LLP August 2015

20. Chapter IV – Share Capital & Debentures 20Copyright - Anil Chawla Law Associates LLP August 2015

21. Chapter IV – Share Capital & Debentures (Continued) 21Copyright - Anil Chawla Law Associates LLP August 2015

22. Chapter V – Acceptance of Deposits 22Copyright - Anil Chawla Law Associates LLP August 2015

23. Chapter VI – Registration of Charges 23Copyright - Anil Chawla Law Associates LLP August 2015

24. Chapter VII – Management & Administration 24Copyright - Anil Chawla Law Associates LLP August 2015

25. Chapter VII – Management & Admin. (Continued) 25Copyright - Anil Chawla Law Associates LLP August 2015

26. Chapter VIII – Declaration & Payment of Dividend 26Copyright - Anil Chawla Law Associates LLP August 2015

27. Chapter IX – Accounts of Companies 27Copyright - Anil Chawla Law Associates LLP August 2015

28. Chapter X – Audit and Auditors 28Copyright - Anil Chawla Law Associates LLP August 2015

29. Chapter XI – Appointment & Qualification of Directors 29Copyright - Anil Chawla Law Associates LLP August 2015

30. Chapter XII – Meetings of Board & Its Powers 30Copyright - Anil Chawla Law Associates LLP August 2015

31. Chapter XII – Meetings of Board (Continued) 31Copyright - Anil Chawla Law Associates LLP August 2015

32. Chapter XIII – Appointment & Remuneration of Managerial Personnel 32Copyright - Anil Chawla Law Associates LLP August 2015

33. Chapter XIV – Share Capital & Debentures 33Copyright - Anil Chawla Law Associates LLP August 2015

34. Chapter XVI – Prevention of Oppression & Mismanagement 34Copyright - Anil Chawla Law Associates LLP August 2015

35. Chapter XX – Winding Up 35Copyright - Anil Chawla Law Associates LLP August 2015

36. Chapter XXIX – Miscellaneous 36Copyright - Anil Chawla Law Associates LLP August 2015

37. We wish you the best in facing up to the Companies Act, 2013. Copyright - Anil Chawla Law Associates LLP37 Anil Chawla Law Associates LLP www.indialegalhelp.com info@indialegalhelp.com info@indialegalhelp.com Tel. – 09425009280 August 2015 Anil Chawla Law Associates LLP is registered with limited liability and bears LLPIN AAA ‑ 8450. This Presentation is an academic exercise. It does not offer any advice or suggestion to any individual or firm or company. While all efforts have been made to ensure accuracy and correctness of information provided, no warranties / assurances are provided or implied. Readers are advised to consult a Legal Professional / Company Secretary / Chartered Accountant before taking any business decisions. Anil Chawla Law Associates LLP does not accept any liability, either direct or indirect, with regard to any damages / consequences / results arising due to use of the information contained in this Presentation.