Companies Act, 2013: Top 10 Things To Do!
Published on Tue, Aug 05,2014 | 21:22, Updated at Tue, Aug 05 at 21:22Source : Moneycontrol.com
The Companies Act, 2013 is a reality and it is now time to act. Out of 470 sections and 29 chapters, 282 sections are already in force and final Rules on 19 chapters have been released that are effective from 1 April 2014. SEBI has made similar changes to Clause 49 of the Listing Agreement that are effective 1 October 2014, much sooner than the transition dates as provided by the Act. Amongst changes introduced by the Act, several are simply procedural. However, there are some that are burdensome to implement, and some that call for immediate action. The attached report is Grant Thornton India LLP's list of the 'Top 10' action points which promoters and senior management of listed and large companies should consider important, and some of which need to be addressed as a matter of urgency.
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