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Companies Act 2013/1956
Act - 2013/1956
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Read comprehensive analysis of various aspects of the Companies Act by our expert team for a quick and easy understanding
Decoding the New Act
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Top Fifty Points on Secretarial Standard on Meetings of The Board of Directors
Clause 49 Vs Companies Act 2013.
Deposits
Exit Opportunity for Change in Object Clause or Prospectus
Liability of Auditors- More Accountability
Consolidation of Accounts- difficult job
Securities-tightening screws
Private Placement-much needed overhaul
Registered Valuers- New Opportunity
Class Action Suit- A new weapon
Fraud Sword-learning from mistakes
Fast Track Merger-good days ahead
Corporate Governance-a modest start
Role of Auditors-accountable & alert
One Person Company- a mixed bag
CSR-Understanding & its impact
Independent Directors - towards good governance
Liberalized Provisions- a sigh of relief
Stringent Provisions- screws tightened
Corporate Governance – a positive step
Treasury Stock- lost opportunity
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Independent Directors - towards good governance
CSR-Understanding & its impact
One Person Company- a mixed bag
Class Action Suit- A new weapon
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Section 185 - An indepth analysis
With the 98 Sections of the Companies Act, 2013 becoming effective from September 12, 2013 onwards, one section which has been the hottest topic for discussion amongst Corporates and professionals is Section 185 of the Companies Act, 2013 which deals with Loans to Directors etc.
Private Company- at par with Public Company
A Private Company, also known as a closely held company, was entitled to various privileges under the Companies Act 1956 such as: No requirement to obtain certificate of commencement of business after incorporation; No mandatory appointment of managing or whole time director; No limits on managerial remuneration; Nolimit on number of directors etc.
Director’s Report- the real treasure
Companies Act 2013 prescribes greater responsibilities for the Board of Directors emphasising on enhancing transparency and better Corporate Governance.
Authorities & Committee- way ahead
The Companies Act 2013 provides for constitution of various authorities, Tribunal, courts by the Government of India along with constitution of various committee by the Companies. Our expert team has compiled a list of such authorities, courts etc along with their composition for your easy understanding.
Companies Act 2013- A herculean task to implement
After a period of more than 7 months of its approval from Lok Sabha, on 8th August 2013 the Companies Act got its final consent from the Rajya Sabha, raising the hopes of this important legislation seeing the light of the day. Companies Act 2013 which has to toil hard towards becoming an enactment
Companies Act 2013- Timelines to comply
The enactment of Companies Act will completely change the way corporate sectors functions in India. The Act introduces lots of new changes which will have far reaching impact and will ultimately benefit all the stakeholders in the long run.
Liberalized Provisions- a sigh of relief
In the Companies Act 2013, many provisions have been relaxed as compared to the existing provisions benefiting different sections of the industry. In this article, we have attempted to identify and put at one place the important provisions which stand liberalized in comparison to the existing provisions, for the convenience and better understanding of our readers.
Stringent Provisions- screws tightened
One of the focuses of the new Act has been to ensure better compliances by the Companiesand its promoters and directors along with safeguarding the investors' interest. To achieve this objective, the new Act provides for more stringent provisions in the form of plugging the loop holes of the existing Act, increased penalties,stricter time lines etc. Broadly the new Act provides for following changes.
Corporate Governance – a positive step
The Companies Act is pro Corporate Governance and provides various provisions which will help in promoting better Corporate Governance in the Companies in days to come. Our team has identified the following provisions related to Corporate Governance in the Companies Act..
Related Party Transactions- Be careful
The Companies Act 2013 is aimed at making companies proactive in adopting good Corporate Governance practices and this rationale is reflected in many a provision contained in the Act. One such domain on which the lawmakers have paid special attention in shifting the onus to the Company by creating a self regulated culture for ensuring fair treatment to the stake holders, is that of the Related Party Transactions.
Statutory Registers- a glance
Likewise Companies Act 1956, the Companies Act 2013 also provides a whole lot of statutory registers required to be maintained by the companies. An overview of the statutory registers required to be maintained under the Companies Act 2013 along with other relevant details is outlined for your reference.
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