Companies Bill, 2012 Analysed
Published on Thu, Dec 20,2012 | 12:28, Updated at Thu, Dec 20 at 12:33Source : Moneycontrol.com
The much awaited Companies Bill, 2012, has been approved by the Lok Sabha i.e. the lower house of the Indian Parliament, on Tuesday, December 18, 2012 (“Bill”). The Bill aims to thoroughly revise and modify the archaic (Indian) Companies Act, 1956. The Bill still needs to be approved by the Rajya Sabha i.e. the upper house of the Indian Parliament and therefore, may undergo further changes.
This alert from India’s leading law firm Amarchand Mangaldas aims to highlight the key changes introduced by the Bill and also emphasize on the relevant issues from a practical and operational perspective. Please be aware that we will update this analysis in the event the Bill undergoes any modification from its present form until its enactment as a statute.