Page 2 - Companies Act 2013

Five years on, Sec 151 on small-shareholder directors makes little headway

Efforts have been few and far between since 2014, when the section was introduced; combo of entrenched promoters and onerous curbs may have stifled a provision meant to empower such shareholders

Govt promulgates ordinance to amend Companies Act after Cabinet nod

The Corporate Affairs Ministry, which is implementing the Act, has been looking at ways to promote ease of doing business as well as ensure better compliance levels

Cabinet approves promulgating ordinance to amend Companies Act: Source

The Corporate Affairs Ministry, which is implementing the Act, has been looking at ways to promote ease of doing business as well as ensure better compliance levels

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

So what have been the five years of the new company law regime like?

Relief for India Inc

Decriminalising some corporate offences is a wise move

Debarred firm directors may approach courts

Legal experts claim retrospective application of company law provisions