COMPANIES TO FURNISH INFORMATION OR STATISTICS - Proposed Amendments in the Companies Act, 2013

Power of Central Government to direct Companies to Furnish Information or Statistics

23.1 The Committee noted that this chapter contained only one provision, viz., Section 405. The suggestions made under this Section/Chapter related to requiring companies to file returns in respect of credits taken by them from unsecured creditors, and salaries paid by companies to each of its employees. The Committee felt that this issue had already been dealt with, and as such, no changes were warranted in the Act/Rules.