The Companies Act, 1956, which is proposed to be repealed by the Companies Bill, 2011, provides for more stringent penal provisions for action against vanishing companies, prevention of frauds etc.
An expert group under the chairmanship of Dr. J. J. Irani was constituted on 02.12.2004 who submitted its report to the Central Government on 31.05.2005. The report seeks to rationalise the existing Companies Act, 1956 in the context of the present economic and business environment.
News posted by
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
