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of <h1>Companies Act 2013: New Rules Limit Subsidiary Layers to Simplify Corporate Structures and Increase Transparency</h1> The Companies (Restriction on number of layers) Rules, 2017, established by the Ministry of Corporate Affairs, set limitations on the number of layers of subsidiaries a company can have. Exercising the authority granted by specific sections of the Companies Act, 2013, these rules aim to regulate corporate structures by limiting the complexity and opacity of company hierarchies. The rules were officially enacted and became effective upon their publication in the Official Gazette on September 20, 2017.
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