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of <h1>The Companies Bill, 2011 defines key corporate terms and roles, including Board of Directors and accounting standards.</h1> The Companies Bill, 2011, outlines definitions for various terms used within the Act. These include 'abridged prospectus,' 'accounting standards,' 'alteration,' and 'Appellate Tribunal.' It defines key corporate entities such as 'associate company,' 'body corporate,' and 'subsidiary company.' Terms related to corporate governance, such as 'Board of Directors,' 'Chief Executive Officer,' and 'key managerial personnel,' are also specified. Financial terms like 'authorised capital,' 'debenture,' and 'financial statement' are clarified. Additionally, it defines roles such as 'chartered accountant,' 'company secretary,' and 'Company Liquidator,' and categorizes companies as 'private,' 'public,' or 'government.'
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