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CS Executive Company Law Companies Amendment Bill 2017

CS Executive Company Law Companies Amendment Bill 2017

Company Law – Companies Amendment Bill 2017



What is Companies Amendment Bill, 2017?
The Companies (Amendment) Bill, 2017 which seeks to bring about major changes in the Companies Act, 2013. It seeks to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve ease of doing business in the country.
Some of the key amendments introduced in Companies Amendment Bill, 2017 are:
  1. For Incorporation of the Company, the declaration will be required instead of affidavits.
  2. Name reservation in case of New Company shall be valid for 20 days from the date of approval instead of 60 days from the date of application.
  3. Annual General Meeting (AGM) of the Unlisted company can be held anywhere in India.
  4. Every company shall have registered office within 30 days of incorporation instead of a current requirement to have a registered office within 15 days.


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