Decoding the changes in the Companies Act

Corporate rules and procedures have been simplified to facilitate ease-of-doing-business The Ministry of Company Affairs (MCA) issued a circular last month notifying certain sections of the Companies (Amendment) Act, 2017. The emphasis has been on simplifying rules and procedures to facilitate ease-of-doing-business, thereby removing certain practical difficulties faced by Corporate India. One of the key […]

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Early start of monsoon season bodes well for Indian economy

Vijay Mansukhani, the managing director of one of India’s biggest consumer electronics brands, is closely monitoring the progress of the monsoon rains, which hit the coast of Kerala in south India last week. The rain can have a major impact on his company’s sales of products, including televisions and washing machines, in rural India. “The […]

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Unlisted companies to have demat shares

To Dematerialise Shares of Unlisted Corporates As part of its drive to lift the corporate veil and target benami entities, the government has decided to dematerialise shares of unlisted corporates, starting with 80,000-90,000 public companies. Separately, holdings above 10% in a company are also being classified as “significant beneficial ownership” with mandatory disclosures. MCA IS TO […]

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