Hello All,
Considering the New Companies Act has come into force, what should be the steps a private company needs to take immediately for complying with the provisions of the Act of 2013?As a CS what should be informed to the Directors of the Company or the auditors.How can a CS be pro active in this??
THanks.
1. Quickly go through bare Act and Rules notified thereunder.
2. Identify preovisions which will be applicable to your company for the first time.
3. Concentrate on provisions on which immediate attention is required (e.g. related party transactions, interested directors etc.) and matters on which approval of members may be required.
4. Prepare agenda for first Board meeting accordingly and brief management about the same.
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