COMPLIANCE MANAGEMENT AND DUE DILIGENCE

(xvi)
Page
Professional Responsibility and Penalty for False Diligence Report ... 254
Format for disclosing information about each Director ... 255
Changes in Directors ... 256
Composition of Board ... 256
Appointment of Managing director, whole-time director or manager ... 258
Alteration in the Memorandum of Association With Respect to Change In
Registered Office from One State to Another and Objects Clause ... 259
Shifting of Registered Office from a Place under the Jurisdiction of one ROC to
a Place under the Jurisdiction of Another ROC Within the same State ... 260
Alteration of the Memorandum With Respect to Name Clause ... 261
Articles of Association ... 262
Checklist for Buy Back ... 277
Checklist for Compliance of Terms of Insurance ... 281
Checklist for Compliance with the terms and conditions set forth by the lending
Institution at the time of availing the facility. ... 281
Checklist for Operations of the Company ... 281
Checklist for Payment of Liabilities/Dues ... 283
Checklist for Books of Accounts ... 283
Checklist for Memorandum/Articles of Association ... 283
Checklist for Directors/Promoters ... 283
Checklist for Board Meetings ... 284
Checklist for Technical Experts ... 284
Checklist for Licences/Consents ... 284
Checklist for Contracts ... 284
Checklist for Legal Proceedings ... 284
Checklist for Takeover of Management ... 285
Checklist for Financial Position ... 285
Specimen sanction letter ... 285
Checklist for Utilisation of moneys advanced ... 302
Checklist for Financial Position ... 302
Checklist for Utilisation of Moneys Advanced ... 302
Diversion and siphoning of funds ... 302
Compliance Inputs … 308
LESSON ROUND UP ... 310
SELF TEST QUESTIONS ... 311
Lesson 11
ENVIRONMENTAL DUE DILIGENCE
Learning Objectives ... 313
Introduction ... 314
Environmental failures may lead to financial, reputational damage and business
discontinuity as well ... 314
Why Environmental Due diligence? ... 315