Tuesday 2 February 2016

India: Companies Act 2013 - Companies Law Committee report published

The Committee formed to make reform recommendations in respect of the issues arising from the implementation of the Companies Act 2013 has published its report: see here (pdf). Over one hundred changes are proposed, including some on core aspects of the governance framework (e.g., the circumstances in which a director will be regarded as independent) and others to make it easier for companies to identify the beneficial owners of shares.

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