Companies bill 2011 - whats there for professionals

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The Companies Bill, 2011 is all set to replace the 55 year old companies act of 1956 which has been the single most important legislation for all incorporated companies in India and bread and butter for many professionals.

 

 

For CS Professionals:

 

For CWA Professionals:

 

For Auditors:

For Directors:

 

Source: Web / Email

 

PS: It is passed in LOKSABHA on 18 Dec 2012, yet to get clearance from RAJYASABHA & Ascent of Hon. President.

Replies (26)

Seriously one of the most important post..

Thnx 4 Sharing yes

Originally posted by : Mansi Kotecha

Seriously one of the most important post..

Thnx 4 Sharing 

 

SOME NEW DEFINITIONS

 

One Person Company 2(62):

Can be incorporated only as a private company. Word “One Person Company” should be mentioned below the name of the company.

 

SMALL COMPANY: 2(85)

It cannot be a public Company, Holding or Subsidiary, Company registered under section 8 or body corporate governed any special act. Paid-Up capital does not exceed `50,00,000.

INACTIVE COMPANY:

When a company does not carry on any business, has not made any accounting transactions and has not filed returns with the ROC for the last two years will come under the category of “INACTIVE COMPANY”

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Originally posted by : Mansi Kotecha

Seriously one of the most important post..

Thnx 4 Sharing 


 


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