The Companies Act 2013 comes into force from 1-April-2014 for the Indian corporate. There are sea changes brought in this Act from the earlier one. Let's have a quick browse on the checklist: WHAT COMPANIES WILL HAVE TO DO? IMMEDIATELY Devise and implement policies on corporate social responsibility and vigil mechanism (if any one of the criteria satisfied ~ networth of Rs.500 crore or more, turnover of Rs. 1,000 crore or more, a net profit of Rs. 5 crore or more during any financial year) Finalise a new code for independent directors and identify and notify the related parties to their respective accounts departments Print new stationery, bills, etc, with name, address of the registered office, Company Identification No. (CIN) , telephone, fax, email and website File returns with the Registrar of Companies on changes in top 10 shareholders Get certificate of independence from directors Maintain register of key management personnel (KMP) WITHIN THREE MONTHS Fil...
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