ICSI- HIGHLIGHTS / COMPLETE ANALYSIS OF THE COMPANIES (AMENDMENT) BILL, 2017
The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent.
The amendments under the Companies (Amendment) Bill, 2017, are broadly aimed at:
- addressing difficulties in implementation owing to stringent compliance requirements;
- facilitating ease of doing business in order to promote growth with employment;
- harmonisation with accounting standards, the Securities and Exchange Board of India Act, 1992 and the regulations made thereunder, and the Reserve Bank of India Act, 1934 and the regulations made thereunder;
- rectifying omissions and inconsistencies in the Act.
Download Highlights / Complete Analysis of Companies (Amendment) Bill, 2017