The much awaited Companies Bill, 2012 (Bill) was passed by the Lok Sabha on December 18, 2012, replacing 56-year-old Companies Act, 1956. The Bill seeks to consolidate and amend the law relating to th
I AM AN IPCC STUDENT AND MY ATTEMPT IS NOV.2013.......CAN U TELL ME WHAT IS THE BENIFIT OF IT FOR ME.............................................
Now companies Bill 2012 is super............
all amendments are welcome but sad to know that more than 300 issues are left for subordinate legislation....even after 57 years of hard work, our government machinery could not draft a complete bill and on top of this Sachin Pilot is hopeful that the Rules will be drafted by year end- wishful thinking sir!!!
It is sad to note that the professionals, CAs, Company Secretaries, Registered Valuers, etc. have successfully managed to include their interests in this bill at the cost of the companies without a word on their responsibilities and penalties and prosecutions in case of wrong doings. We have seen the loot done by Co-op Banks based on the Auditors Reports but sadly not one of the auditors is held responsible for the wrong reports intentionally given and also the Registrar of Co-op Societies whose responsibility was to see not such act have taken place.
This Company bill 2012 is very good for us.so much important amendments are inserted
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