Companies Bill, 2012 – A Paradigm Shift
Keywords:
Companies Bill, Incorporation, GovernanceAbstract
Change is business practices and structure in the current scenario, need of change was felt by the corporate world. Formation and functioning of companies was a little bit difficult task as per the provisions of the Companies Act 1956, hence it intends to change in companies law. A new bill namely Companies Bill 2012 has been passed and it includes several new provisions regarding incorporation, functioning and governance of the companies. This article is an attempt to highlights and understands the key provisions of Companies Bill 2012.
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