India amends significant beneficial owners rules under companies law
NEW DELHI: The government of India has amended the significant beneficial ownership rules for companies, putting in place a more clear regulatory framework that would also help identify entities that might be controlled from outside the country, according to an official. The corporate affairs ministry has issued amendments to the significant beneficial owners rules under […]
India re-promulgates ordinance to amend companies law
NEW DELHI: The government of India has re-promulgated an ordinance to amend the companies law to further improve the ease of doing business as well as ensure better compliance levels. Since the Bill to make amendments to the Companies Act, 2013, is pending in the Rajya Sabha, the ordinance has been re-promulgated. The Lok Sabha […]
India promulgates ordinance to amend Companies law
NEW DELHI: The government of India promulgated an ordinance to amend the companies law, a senior official said. While details about the ordinance could not be immediately ascertained, it is believed that amendments mainly pertain to restructuring of corporate offences under the Companies Act, 2013. The proposal to issue an ordinance to amend the Act […]