In accordance with the Companies Act of 2013, it is mandatory to appoint an individual or firm as the Auditor of a Company. The initial Auditor must be appointed by the Board of Directors within 30 days from the date of incorporation.

Shares can only be transferred in adherence to the regulations outlined in the Companies Act of 2013. For public companies, it is essential to dematerialize the shares with NSDL/CDSL before initiating any share transfers or introducing capital into the company.

The Indian Arbitration Act of 1996, modeled after the UNICITRAL Model Law on Arbitration, aligns the arbitration procedures in India closely with those of developed countries. When an award is issued by an arbitration tribunal, it holds significant finality, as the appeal provision under Section 34 of the aforementioned Act permits challenges based on only a few grounds. Additionally, numerous arbitration institutions in India have established their own rules and regulations to enhance transparency and expeditiousness in the arbitration process. Consequently, the arbitration mechanism in India is both prompt and secure, with many cases, including appeals, reaching conclusion within a span of 12 months.