Companies Act
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Govt Simplifies KYC Compliance For Directors, LLP Partners: Key Changes In Process Explained
The new norms apply to directors across public and private companies, as well as designated partners in LLPs and are aimed at reducing compliance burden.
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Joint Auditing In India: A Potential Solution For The Auditing Fraternity?
Traditional methods of auditing are rapidly evolving alongside technological advancements, demanding a new breed of technologically savvy auditors.
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Companies' Donation To Political Parties: What Today's Verdict Changes
Striking down the electoral bonds scheme, the Supreme Court today also flagged "unlimited political funding" by corporates and said it violated the fundamental right to free and fair elections.
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Over 1.62 Lakh Companies Deregistered Till July 12: Arun Jaitley
Responding to supplementary queries, the minister said the task force on shell companies has submitted its recommendations and actions are being taken.
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Cost Audit Requirements Made Stricter For Companies
Companies will now have to ensure that all statements annexed with their cost audit reports are first approved by their boards of directors before final submission.
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Directors Of Shell Companies Face Up To Five-Year Disqualification: Report
The Registrars of Companies in various states and union territories have issued notices to more than two lakh firms under the Companies Act, 2013, according to information available with the ministry.
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Working To Decriminalise Offences Under Companies Act: PM Modi
India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.
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Simplifying Procedures Under New Companies Law, Says Ministry
Many stakeholders have raised concerns about certain aspects of the new Act and the Ministry -- which is implementing this law -- is taking steps to address the issues.
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Insurance Regulator to Align Corporate Governance, Disclosure Norms With Companies Act
The Insurance Regulatory and Development Authority of India (IRDA) has said it will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013. It has also set up a 12-member committee under its member R K Nair for the same.
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Auditors Now Need to Give Info on Companies Internal Financial Controls
Ushering in stronger disclosure requirements, the government has asked auditors to provide details about companies internal financial controls as well as their effectiveness in annual statements.
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Lok Sabha Passes Bill To Amend Companies Law To Promote Ease Of Doing Business
The Companies (Amendment) Bill, 2020 seeks to decriminalise various penal provisions and introduce a new chapter related to producer organisations in the legislation.
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Titan Falls 3% After Scrapping Gold Deposit Schemes
Tanishq, the gold and jewellery division of Titan, scrapped its gold deposit schemes Golden Harvest and Swarna Nidhi after the new Companies Act termed these as public deposits. Titan had stopped taking fresh deposits from April 20 from customers, awaiting clarification on these gold deposit schemes.
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Government Provides More Clarity on 'Related Party' Norms
The Companies Act, 2013, has stringent provisions for related party transactions under Section 188.
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Government Clears Air on CAG Audit Provision in New Companies Act
The issue has been clarified in the wake of doubts being raised by various stakeholders with regard to the applicability of the provisions related to appointment of auditors by the Comptroller and Auditor General of India (C&AG) to 'deemed government companies', that is firms owned or controlled by two or more government entities.
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Government Says 'Slum Area Development' to be Considered CSR Activity
Expanding the ambit, works carried out by corporates for slum area development will be now considered as social welfare spending activity under the new companies law.
-
Govt Simplifies KYC Compliance For Directors, LLP Partners: Key Changes In Process Explained
The new norms apply to directors across public and private companies, as well as designated partners in LLPs and are aimed at reducing compliance burden.
-
Joint Auditing In India: A Potential Solution For The Auditing Fraternity?
Traditional methods of auditing are rapidly evolving alongside technological advancements, demanding a new breed of technologically savvy auditors.
-
Companies' Donation To Political Parties: What Today's Verdict Changes
Striking down the electoral bonds scheme, the Supreme Court today also flagged "unlimited political funding" by corporates and said it violated the fundamental right to free and fair elections.
-
Over 1.62 Lakh Companies Deregistered Till July 12: Arun Jaitley
Responding to supplementary queries, the minister said the task force on shell companies has submitted its recommendations and actions are being taken.
-
Cost Audit Requirements Made Stricter For Companies
Companies will now have to ensure that all statements annexed with their cost audit reports are first approved by their boards of directors before final submission.
-
Directors Of Shell Companies Face Up To Five-Year Disqualification: Report
The Registrars of Companies in various states and union territories have issued notices to more than two lakh firms under the Companies Act, 2013, according to information available with the ministry.
-
Working To Decriminalise Offences Under Companies Act: PM Modi
India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.
-
Simplifying Procedures Under New Companies Law, Says Ministry
Many stakeholders have raised concerns about certain aspects of the new Act and the Ministry -- which is implementing this law -- is taking steps to address the issues.
-
Insurance Regulator to Align Corporate Governance, Disclosure Norms With Companies Act
The Insurance Regulatory and Development Authority of India (IRDA) has said it will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013. It has also set up a 12-member committee under its member R K Nair for the same.
-
Auditors Now Need to Give Info on Companies Internal Financial Controls
Ushering in stronger disclosure requirements, the government has asked auditors to provide details about companies internal financial controls as well as their effectiveness in annual statements.
-
Lok Sabha Passes Bill To Amend Companies Law To Promote Ease Of Doing Business
The Companies (Amendment) Bill, 2020 seeks to decriminalise various penal provisions and introduce a new chapter related to producer organisations in the legislation.
-
Titan Falls 3% After Scrapping Gold Deposit Schemes
Tanishq, the gold and jewellery division of Titan, scrapped its gold deposit schemes Golden Harvest and Swarna Nidhi after the new Companies Act termed these as public deposits. Titan had stopped taking fresh deposits from April 20 from customers, awaiting clarification on these gold deposit schemes.
-
Government Provides More Clarity on 'Related Party' Norms
The Companies Act, 2013, has stringent provisions for related party transactions under Section 188.
-
Government Clears Air on CAG Audit Provision in New Companies Act
The issue has been clarified in the wake of doubts being raised by various stakeholders with regard to the applicability of the provisions related to appointment of auditors by the Comptroller and Auditor General of India (C&AG) to 'deemed government companies', that is firms owned or controlled by two or more government entities.
-
Government Says 'Slum Area Development' to be Considered CSR Activity
Expanding the ambit, works carried out by corporates for slum area development will be now considered as social welfare spending activity under the new companies law.
