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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. The Companies Act, 2013 (Act) was notified on 29.8.2013. Out of 470 sections in the Act, 283 sections...
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Section 139 (1) of Companies Act, 2013 read with Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014 provides for appointment of statutory auditors of the company. It is mandated that every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor ....
Making amendments to the Companies Act, the Ministry of Corporate Affairs Ministry has said that contributions to 'Swachh Bharat Kosh' and 'Clean Ganga Fund' would come under CSR framework.
