Companies Law Committee submits report to GoI
Q. Companies Law Committee has proposed changes in how many sections of the Companies Act, 2013?- Published on 03 Feb 16a. 75
b. 76
c. 77
d. 78
ANSWER: 78
Companies Law Committee put together in June 2015 has made recommendations on issues pertaining to implementation of Companies Act 2013 has submitted its report to GoI. Committee has proposed changes to 78 sections of the Companies Act 2013 which in tandem with consequential changes will lead to 100 amendments within the Act. Around 50 amendments to the rules have been put together. Recommendations cover areas such as definitions, raising of capital, accounts and audit, corporate governance, managerial remuneration, companies incorporated outside India and offences/ penalties.
