TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Circular Exempts Certain Unlisted Public Companies from Appointing Independent Directors Under 2017 Amendment Rules.</h1> The Ministry of Corporate Affairs issued a circular on September 5, 2017, clarifying exemptions for certain unlisted public companies from appointing independent directors under the Companies (Appointment and Qualification of Directors) Amendment Rules, 2017. Specifically, unlisted public companies that are joint ventures, wholly owned subsidiaries, or dormant companies are exempt from this requirement. The circular further clarifies that a 'joint venture' refers to a joint arrangement in writing, where parties have joint control and rights to the net assets, aligning with the definition used in Accounting Standards. This clarification follows stakeholder inquiries regarding the term's definition.
TaxTMI 
TaxTMI 
