Definitions Proposed to be Changed

In continuation of the previous post on notable changes in Companies (Amendment) Bill, 2017, here are a few definitions that are proposed to be changed: 1. Associate company Sec. 2(6): The term ‘significant influence’ with respect to ‘Associate Company’ will be amended to mean control of at least twenty per cent of total voting power, …

Companies (Amendment) Bill, 2017

The Lok Sabha has passed the Companies (Amendment) Bill, 2017. Though there are a few more steps like being passed by Rajya Sabha and getting the President's nod for the Bill to become an Act, this is an attempt to keep the readers abreast of the proposed changes. Major Changes – A Bird’s-Eye View Relaxations …