{"id":4827,"date":"2020-03-13T15:54:53","date_gmt":"2020-03-13T10:24:53","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?page_id=4827"},"modified":"2020-03-20T14:47:27","modified_gmt":"2020-03-20T09:17:27","slug":"no-unnecessary-action-against-independent-directors-without-strong-evidence","status":"publish","type":"page","link":"https:\/\/corpbiz.io\/learning\/newsletter\/no-unnecessary-action-against-independent-directors-without-strong-evidence\/","title":{"rendered":"MCA Clarifies the Prosecution Proceedings against Independent Directors"},"content":{"rendered":"\n<p>The Ministry of Corporate Affairs (MCA) on Monday assured that no prosecution proceedings would be initiated against Independent Directors and Non-Executive Directors of Companies&nbsp;<strong><em>without the availability of sufficient pieces of evidence<\/em><\/strong>&nbsp;of their involvement in frauds committed by the companies.<\/p>\n\n\n\n<p>MCA issued a circular to its&nbsp;<strong><em>Regional Directors, Registrar of Companies (RoCs) and official liquidators&nbsp;<\/em><\/strong>with respect to prosecution proceedings against Independent and Non-Executive Directors. The circular was issued in the wake of the instances of Independent and Non-Executive Directors coming under the scanner for alleged corporate misdoings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs (MCA) on Monday assured that no prosecution proceedings would be initiated against Independent Directors and Non-Executive Directors of Companies&nbsp;without the availability of sufficient pieces of evidence&nbsp;of their involvement in frauds committed by the companies. MCA issued a circular to its&nbsp;Regional Directors, Registrar of Companies (RoCs) and official liquidators&nbsp;with respect to [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":4585,"parent":4648,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/4827"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=4827"}],"version-history":[{"count":3,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/4827\/revisions"}],"predecessor-version":[{"id":5117,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/4827\/revisions\/5117"}],"up":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/4648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/4585"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=4827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}