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PRESENTED BY:- SILPA SATAPATHY silpasatpathy7@gmail.com SOBHAGYA DHIRNARENDRA sobhagya.dhir@gmail.com. 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 COMPANIES ACT, 2013
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 • 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. COMPANIES ACT 1956 COMPANIES ACT 2013 18 parts. 658 Sections. 15 Schedules. 29 Chapters. 470 Sections. 7 Schedules.
Important changes regarding Directors and their Powers.(contd..)
SECTIONS MADE APPLICABLE. • SECTIONS MADE APPLICABLE BY GOVERNMENT • CLAUSES UNDER SECTION 2 THAT ARE APPLICABLE.
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.