INTRODUCTION: According to the note to the provisions of the Companies Act. 2011, "this provision relates to section 109A of the Companies Act, 1956 and aims to provide that every shareholder or debenture holder may appoint a nominee or a joint nominee who shall be the holder of the instrument in the case of the death of the holder or joint holder unless the nomination is diverse or cancelled." ELIGIBILITY TO BECOME A NOMINEE: The nominee must be a natural person, including a

INTRODUCTION: This section seeks to provide for the re-opening of books of accounts and recasting of accounting records on an order by the competent court or Tribunal if it is discovered that earlier accounts were prepared fraudulently, or financial statements are not accurate due to mismanagement of the company's affairs. REOPENING OF ACCOUNTS ON ORDERS OF TRIBUNAL/ COMPETENT COURT: Subsection (1) of Section 130 of the Companies Act,2013 stipulates that a firm may reopen its