Companies Act, 2013

Regulatory checks, accountability and governance standards in India have received a serious boost with the introduction of the new Companies Act 2013. Business and investors have expressed confidence in the Act’s ability to induce transparency and welcomed the legislation as an attempt to restore the appeal of Indian business. The Government of India introduced this landmark legislation in the beginning of fiscal year 2014.

To achieve further alignment with the provisions of the Companies Act 2013, SEBI issued a revised Clause 49 which is applicable to all listed companies with effect from October 1, 2014. While there is a great level of congruence between the two, in a few areas the revised clause 49 has imposed much stricter requirements than Companies Act 2013.

At Sharma Saurabh & C0. we can help you with all your questions related to this new legislation.