Highlights
of Companies Bill, 2011.
- The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956.
- The entire bill has been divided into 29 chapters.
- Following chapters have been introduced, viz Registered Valuers (ch.17); Government companies (ch. 23); Companies to furnish information or statistics (ch. 25); Nidhis (ch. 26); National Company Law Tribunal & Appellate Tribunal (ch. 27); Special Courts (ch. 28).
- The Bill empowers Central Government to make rules, etc. through delegated legislation after having detailed consultative process (clause 470 and others).
- The Bill provides for self-regulatory process and stringent compliance regime.
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Source: ICSI
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