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    <description>Establishes core statutory definitions governing corporate form, capital and securities, governance roles and liabilities, and reporting concepts: company and its varieties; authorised/issued/paid-up capital; definitions of director, Board, managing and whole-time directors, manager, CEO, CFO, company secretary and key managerial personnel; &quot;officer who is in default&quot; and related liability allocation; &quot;control&quot;, &quot;related party&quot; and &quot;significant influence&quot;; and &quot;financial statement&quot;, &quot;financial year&quot; and &quot;turnover&quot; with specified exceptions and cross-references to amended provisions.</description>
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