India's new company law regime
On 30 August 2013, India enacted the Companies Act 2013, which has replaced the Companies Act 1956. Not all the provisions of the new act will come into force immediately as a number of them require the government of India to draft rules and regulations for their implementation. This process is likely to take place over the next several months.
The new act is seen as an important step in bringing Indian company law closer to global standards. It regulates areas ranging from incorporation to fundraising, corporate governance, mergers, auditor rotation and investor protection…
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