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of <h1>Companies Bill 2011: New Rules on Company Formation, Governance, and Insolvency; Establishes Tribunals for Dispute Resolution</h1> The Companies Bill, 2011 outlines various clauses that align with sections of the Companies Act, 1956, establishing a comprehensive framework for company formation, management, and dissolution. Key provisions include defining expressions, setting requirements for company memorandums and articles, procedures for incorporation, and regulations on share capital and securities. It empowers the Central Government to register charitable companies and outlines penalties for non-compliance. The Bill also addresses corporate governance, including board responsibilities, director qualifications, and shareholder rights. It introduces mechanisms for handling insolvency, restructuring, and investigation, and establishes the National Company Law Tribunal and Appellate Tribunal for adjudicating corporate disputes.
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