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COMPANIES ACT, 2013

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COMPANIES ACT, 2013 - PowerPoint PPT Presentation


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PRESENTED BY:- SILPA SATAPATHY [email protected] SOBHAGYA DHIRNARENDRA [email protected] COMPANIES ACT, 2013. Background of Companies Act,2013. Background of Companies Act,2013.(contd...). NEED OF CHANGES IN COMPANIES ACT,1956.

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need of changes in companies act 1956
NEED OF CHANGES IN COMPANIES ACT,1956
  • To have modern legislation for the Friendly Corporate Regulation.
  • To provide lesser Government Approvals.
  • To enhance self regulation with Corporate Democracy.
  • To provide flexible rule making environment for enabling to adjust the changing business environment.
major aspects for changes
MAJOR ASPECTS FOR CHANGES
  • Initiative for E-Governance in the corporate sector.
  • Corporate Social Responsibility(CSR).
  • Enhance accountability of management.
  • Enhance accountability of auditor.
  • Protection of Minority Interest.
  • Protection of Investors.
major differences
Major Differences.

COMPANIES ACT 1956

COMPANIES ACT 2013

18 parts.

658 Sections.

15 Schedules.

29 Chapters.

470 Sections.

7 Schedules.

sections made applicable
SECTIONS MADE APPLICABLE.
  • SECTIONS MADE APPLICABLE BY GOVERNMENT
  • CLAUSES UNDER SECTION 2 THAT ARE APPLICABLE.
global depository receipt gdr
Global Depository Receipt (GDR)

Global Depository Receipt (GDR).[Sec 2 (44)] -

GDR means any instrument in the form of a depository receipt, by whatever named called , created by a foreign depository outside India and authorised by a company making an issue of such depository receipt.

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