Apllicability of new companies act 2013 on bank & its subsy
This query is : Resolved
26 February 2014
Dear All,
Please tell the provisions applicability on Banks and its 100% subsidiary as per Companies Act, 2013.. And also disclosure requirements..
Thanks.
Please tell the provisions applicability on Banks and its 100% subsidiary as per Companies Act, 2013.. And also disclosure requirements..
Thanks.
26 February 2014
yes it applies...however, wherever the companies act is inconsistent with Banking Regulation Act, 1949, BRA, 1949 shall prevail.
with regards to disclosures etc, Companies act 2013 is yet to fully notified and none of the rules have been finalized...so very little of the new act shall apply.
For eg Directors' Report certain disclosures have been mandated https://taxindia.pz10.com/2013/10/directors-report-under-companies-act.html
with regards to disclosures etc, Companies act 2013 is yet to fully notified and none of the rules have been finalized...so very little of the new act shall apply.
For eg Directors' Report certain disclosures have been mandated https://taxindia.pz10.com/2013/10/directors-report-under-companies-act.html
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27 February 2014
Dear Nikhil,
Firstly, Thanks for the reply..
Secondly,Is there any new updation with regard to Related party disclosures. If suppose Bank has 100% subsidiary, thn in such case is there any additional disclosures is required in subsidiary's books of accounts??
Firstly, Thanks for the reply..
Secondly,Is there any new updation with regard to Related party disclosures. If suppose Bank has 100% subsidiary, thn in such case is there any additional disclosures is required in subsidiary's books of accounts??
27 February 2014
i dont think there is any change on that.
27 February 2014
Thanks a lot Nikhil.. :)
27 February 2014
you are welcome a lot Shikha..
26 July 2014
Okays Mr. Kaushik.. :)
26 July 2014
Okays Ms Pandey :) :)
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