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An Act, Further to Amend the Companies Act, 1956 Form
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People also ask
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What is the companies Amendment Act 2024 CA 2024?
The CA 2024 introduced a restriction on a counterparty's right to enforce a contractual clause allowing for the termination of a contract upon the occurrence of an insolvency-related event (e.g., when the company becomes subject of a scheme of arrangement proceedings), if the contract in question relates to the supply ...
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What is the difference between the Companies Act, 1956 and 2013?
under the previous company act 1956, the maximum shareholder was 50 eliminating the present and previous employees. While in the present company 2013 the maximum shareholder is 200 without the present and past workers.
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What is the new companies Act?
The Companies Act 2013 (No. 18 of 2013) is an Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on 29 August 2013, and largely superseded the Companies Act 1956.
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What is the companies amendment bill?
The Companies Amendment Bill, 2023 includes provisions to enhance transparency and provide for more disclosure and governance of executive remuneration.
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What is the new companies amendment?
The Companies (Amendment) Act 2024 introduces a new policy through an amendment to section 367 that the appointment of insolvency practitioners is mandatory when a company proposing an SOAC made an application involving a rescue financing, a cram down, an approval of the proposed scheme without a meeting of creditors ...
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What does the Companies Act, 1956 deal with?
In our country, the Companies Act, 1956 primarily regulates the formation, financing, functioning and winding up of companies. The Act prescribes regulatory mechanism regarding all relevant aspects including organisational, financial and managerial aspects of companies.
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What is the rule 9 of the Companies Act, 1956?
9. If any document specified in regulation 8 is not in English or in Hindi a translation of that document either in English or in Hindi certified to be correct by any director of the company or its manager, if any, shall be furnished to the Regional Director together with the documents.
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What is the companies Act amendment?
Under the Act, one person companies (i.e., companies with only one member) or small companies (i.e., with lower paid-up share capital and turnover thresholds) are only liable to pay up to 50% of the penalty for certain offences (such as failing to file annual return).
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