KEY AMENDMENTS IN COMPANIES ACT
Created On: 20 December 2014 |
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KEY AMENDMENTS IN COMPANIES ACT,
2014 BY THE COMPANIES (AMENDMENT)
BILL, 2014
1. Minimum Paid Up Capital Limit Removed:
2. No Need to have Common Seal
3. Punishment for Acceptance of Deposits
4. Restrictions on Inspection and obtaining the copies of Resolution:
5. Restrictions on Declaration and Payment of Dividend
6. Amendment for Unpaid Dividend Amount
7. Addition disclosure in Directors’ Responsibility Report
8. Additional responsibility of the auditors
9. Special provisions for Related Party Transactions
10. Relaxation on restriction for providing loans to Directors
11. Restrictions on the powers of benches of Tribunal
12. Correction of Law and Jurisdictional matter