Companies Act - So Much To Do So Little Time!
March 31, 2014Posted by Anup P. Shah
A good part of the sections of the Companies Act, 2013 and their accompanying Rules have been notified recently as coming into force with effect from 1st April 2014. As a result several companies would have to take some immediate steps. Given below are some of the key Actions to be taken along with their timeframe.
|
No.
|
Action To be Taken
|
Timeframe for taking Action
|
|
1.
|
CSR – For companies which are covered, Corporate Social Responsibility Policy and Committee to be put in place immediately and spending starts from this year itself.
This provision applies to all types of companies, including private companies.
|
1-4-2014 (Immediately)
|
|
2.
|
Public Deposits – Drastic changes made in definition of Public Deposits, e.g., Optionally Convertible Debentures are now PDs. Verify whether any PDs as on 1-4-2014? If yes, then file a statement of such PDs with RoC |
Read More