Easing of Compliance Norms Under Companies Act

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..... Easing of Compliance Norms Under Companies Act
News and Press Release
Dated:- 5-5-2015

After commencement of various provisions of the Companies Act, 2013 and rules thereunder, various i .....

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..... ssues received from Industry Chambers and stakeholders were examined in consultation with stakeholders. In order to address the issues received, certain rules have been amended. The compliance norms, .....

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..... wherever changed have been done keeping in view the need to strike a balance between regulatory requirements and ease of doing business and without compromising on the Board's accountability to the me .....

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..... mbers of the company. The objective behind the amendment of Rule 8 of the Companies (Meetings of Board and its Powers) Rules, 2014 is to allow the Board to pass resolutions to take note of appointment .....

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..... s or removal of one level below the Key Managerial Personnel, to take note of disclosure of director's interest and shareholding, etc. as contained in sub-rule (3), (5), (6), (7), (8) and (9) of the s .....

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..... aid Rule without holding a meeting. This was stated by Shri Arun Jaitley, Union Finance Minister in written reply to a question in the Rajya Sabha today.
News - Press release - PIB .....

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