Corporate Law

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geetha venkat (Querist)
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24 August 2010 What are the amendments applicable to Companies Act? Whether Co's Amendment Bill 2009 will be applicable for Nov 2010 exam? I am a CA final student.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 August 2010 Companies bill is just a proposed bill and not an ACt as yet and hence not applicable for November 2010 exam.

sachin alwadhi

sachin alwadhi (Expert)
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24 August 2010 Some of the major changes envisaged through the proposed Amendment Bill are as follows:

Allotment of Director Identification Number (DIN) to any individual, intending to be appointed as director in a company or for any existing director of a company, for the purpose of his identification as such, through electronic mode;
Ensuring secure e filing and authentication of documents consistent with Information Technology Act, 2000 through Digital Signature Certificates. This modality would prevent any tempering of e-documents subsequent to filing. The e-documents shall be registered, maintained and inspected through electronic mode;
Provision of such value added services by the Government through electronic forms from the electronic database created in the data process.
Enabling powers to the Government to prescribe rules where necessary to facilitate e filing by corporate entities and access to corporate data statutorily placed in the public domain.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 August 2010 Sachin
I think what u are mentioning is THE COMPANIES (AMENDMENT) ACT, 2006 which is already in effect from may 2006 and not the bill of 2009.

Please check and revert as it would be important for november 2010 students.

sachin alwadhi

sachin alwadhi (Expert)
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24 August 2010 the above amendments as are given by me are applicable for november 2010 students.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 August 2010 Question is whether the Co's Amendment Bill 2009 applicable or not.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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24 August 2010 Co's Amendment Bill 2009 will not be applicable for Nov 2010 exam.

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