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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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Presented by silpa satapathy silpasatpathy7@gmail com sobhagya dhirnarendra sobhagya dhir@gmail com

PRESENTED

BY:-

SILPA SATAPATHY

[email protected]

SOBHAGYA DHIRNARENDRA

[email protected]

COMPANIES ACT, 2013




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. Powers.(contd..)

  • SECTIONS MADE APPLICABLE BY GOVERNMENT

  • CLAUSES UNDER SECTION 2 THAT ARE APPLICABLE.


Global depository receipt gdr
Global Depository Receipt (GDR) Powers.(contd..)

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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