Wednesday, December 26, 2012

COMPANIES BILL 2012 AS PASSED BY LOK SABHA 2012


on Wednesday, December 26, 2012

The passing of the Companies Bill, 2011 by the Lok Sabha on 18th December 2012 has been a great achievement of the Ministry of Corporate Affairs during the year. On its enactment this new Companies law will allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in the country, viz. the Companies Act, 1956 had been under consideration for quite long for comprehensive revision in view of the changing economic and commercial environment nationally as well as internationally. In view of various reformatory and contemporary provisions proposed in the Companies Bill, 2011, together with omission of existing unwanted and obsolete compliance requirements, the companies in the country will be able to comply with the requirements of the proposed Companies Act in a better and more effective manner.

In October the Union Cabinet approved the proposal to make official amendments to the Companies Bill, 2011. The Companies Bill, 2011 had earlier been introduced in the Lok Sabha on 14th December, 2011 and was considered by the Parliamentary Standing Committee on Finance which submitted its report to the Speaker, Lok Sabha, on 26thJune, 2012. The report was laid in the Parliament on 13th August 2012. Keeping in view the recommendations made by such Committee it was decided to make certain modifications in the Companies Bill, 2011 through official amendments after which it was presented in the Lok Sabha which passed it.


you can download the complete Bill as passed from Lok sabha from download link given at the end.
Good New :20% Discount on Book on New companies Bill 2012(by CCH)
Features:
· Developed by Expert Team of Working Professionals with Practical Inputs;
· Incorporating more than 100 changes made on the last Bill;
· Innovative & interesting style of Presentation of Bill;
· Bill is coupled with extensive researched content:
o What’s New, Modified and Dropped in Law
o Major & Chapter wise highlights;
o Articles on Newly Introduced Concepts in Bill;
o Comparative view of major chapter;
o Tabular presentation of clause comparison, sections deleted, rules to be prescribed
· Comparative analysis of Bill with Companies Act 1956, makes it easy to understand
· One stop referencer on Companies Bill, 2011

Contains:
1. Key Highlights of the Companies Bill, 2011
· Bulleted points cover the major highlights of the Bill, and a graphic summarises the overall Bill
· Major Chapter-wise Highlights are provided.

2. New Concepts
· New Concepts introduced by the Bill is discussed in bullet form, and salient features of each concept is given in an in an easy to understand bulleted/tabular format. eg. One person Company, Independent Directors, etc.

3. Companies Bill, 2011 v Companies Act, 1956
· A Clause-wise arrangement of the Companies Bill, 2011 against the corresponding sections of the Companies Act, 1956.

4. Companies Act, 1956 v Companies Bill, 2011
· A section-wise arrangement of the Companies Act, 1956 against corresponding clauses of the Companies Bill, 2011

5. A listing of deleted sections from the Companies Act, 1956

6. Clause-wise analysis of the Bill
· what’s new, what’s modified and what’s dropped

7. Comparative view of Chapters in the Companies Bill, 2011 and Companies Act. 1956
· Provided in a tabular format, focussing on the key topics contained in each chapter

8. Companies Bill, 2011 – Clause-wise listing of Rules to be prescribed.
· A large part of the Bill will be as Rules, which will be prescribed separately. This section provides a guide to the clauses for which Rules are to be prescribed.

Insight into Companies Bill 2012. By: Corporate Professionals (D
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Insight into Companies Bill 2012. By: Corporate Professionals 

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