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Reform in company act 2013

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discuss about new company act2013 and old company act provision

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Reform in company act 2013

  1. 1. PRESENTATION ON REFORMS IN COMPANIES ACT,2013 PRESENTED TO:- PRESENTED BY : Dr. HIMANI SHARMA AMARJEET 15103046 M.COM(F)
  2. 2. INDIAN COMPANIES ACT,2013 • The new Companies Act is replacing old companies Act ,1956. • The CA2013 makes comprehensive provisions to govern all listed and unlisted companies in INDIA • The CA2013 is made effective in 12 September,2013.
  3. 3. SALIENT FEATURES OF CA2013 Democracy of Shareholders Supremacy of shareholders Strengthening Women Contribution through Board Room Corporate Social Responsibility National Company Law Tribunal
  4. 4. Continue....... Fast Track Mergers Cross Border Mergers Increase in number of shareholder Limit on maximum Partners One Person Company
  5. 5. Continue......... Electronic Mode Restriction on Composition Independent Directors Serving Notice of Board Meeting Duties of Directors defined
  6. 6. Continue.........  Liability on Director and Officers  Rotation of Auditors  Auditors performing Non-Audit Services  Financial Year
  7. 7. SIGNIFICANT CHANGES • Aligning Listing Agreement with the Companies Act, 2013 • Restricting number of independent Directorships. • Maximum tenure of Independent Directors • Board-Mix Criteria Refined • Role of Audit Committee enhanced
  8. 8. Continued……. • Improved disclosure Norms • E-voting mandatory for all listed companies • Enforcement • Industry impact
  9. 9. References • www.ijoart.org Companies Act 2013 • www.mondaq.com Indian Companies Act, 2013 – a new beginning • www.lawctopus.com Companies Act,2013: New Ideas Academike
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