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- Shares held in fiduciary capacity won't be
counted to determine relationship of 'Associate Co.' under 2013 Act. General Circular No. 24/2014
- MCA
clarifies incorporation status of subsidiaries of foreign Co. in absence of deeming
provision under 2013 Act which were present under section
4(7) of the Companies Act, 1956.It is clarified that there is no bar in the new
Act for a company incorporated outside India to incorporate a subsidiary either
as a public company or a private company. General Circular No. 23/2014
- Provisions related to e-voting are not
mandatory till December 31, 2014. Section 108 of the Companies Act, 2013 read
with rule 20 of the Companies (Management and Administration) Rules, 2014. Clarifications
with regard to voting by electronic means are also issued. General Circular No. 20/2014
- As a part of knowledge
initiative, ICSI has developed comprehensive ‘Primer on Companies Act, 2013’
and is the only organization to offer the same through MOOCs ( Mass Online Open
Courses) free of cost to anybody and everybody through web. It has developed 16
videos of about 30-35 minutes each on various aspects of the companies Act,
2013 the same available on YouTube at the link: http://www.youtube.com/user/icsicompaniesact2013
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