Five years of Companies Act, 2013: Step-up in compliances irks India Inc

Come Wednesday, the Companies Act, 2013, will complete five years. The law saw a significant shift from its earlier version (of 1956), including provisions for e-governance, corporate social responsibility, independent directors, newer audit norms like audit rotation, protecting minority shareholders and investors, and the National Company Law Tribunal (NCLT) with its appellate body. The Companies Act, 2013, was enacted in the backdrop of what came to be known as the Satyam scam. The new Act was a step towards checking such misuse of the corporate entity and fraudulent activities. Report.....

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