Companies Act with latest Amendments

 Overview

The enactment of the Companies Act, 2013 was one of the most significant legal reforms in India, aimed at bringing Indian companies’ law in line with global standards. The Act introduced significant changes in the companies’ law in India, especially in relation to accountability, disclosures, investor protection and corporate governance.

The Amendments addresses difficulties in implementation, facilitates ease of doing business, helps achieving better harmonisation with other statutes such as Reserve Bank of India Act, 1934 and regulations made thereunder, and rectifies inconsistencies in the 2013 Act.

Course Outline

Registered Office and fees
Issue of Share Capital and Debentures
Audit and Auditors -Appointment/powers/duties, removal, resignation
Management and Board – Meetings of Board and its Powers
Appointment and Qualification of Directors
Prospectus and Allotment of Securities
Issue of Shares on Private Placement basis
Significant Beneficial Ownership (SBO)
Annual Return
Corporate Social Responsibility
Related Party Transactions
Managerial Personnel and Managerial Remuneration
Registered Valuers
Filing/Late filing Fee
Special Courts
Compounding of offences
Penalties/Punishment

Latest Amendments in Companies Act and Companies (Amendment) Ordinance, 2018

Sec 2(6) – Associate Company
Sec 2(87) – Subsidiary Company
Sec 26 – Matters to be stated in Prospectus
Sec 54 – Issue of sweat Equity Shares
Sec 77 – Duty to register charges, etc.
Sec 117 – Resolutions and agreements to be filed
Sec 129 – Financial statements
Sec 137 – Copy of Financial Statements to be filed with Registrar
Sec 139 – Appointment of Auditors
Sec 149 – Company to have Board of Directors
Sec 164 – Disqualifications for appointment of Director
Sec 167 – Vacation of office of Director
Sec 168 – Resignation of Director
Sec 173 – Meetings of Board
Sec 177 – Audit Committee
Sec 185 – Loan to Directors, etc
Sec 186 – Loan and investment by Company
Sec 403 – Fee for filing, etc.