https://www.taxtmi.com/circulars?id=10702 Deemed conversion under section 43A brings private companies within the substantive obligations applicable to public companies from the effective date, with specified exceptions (member threshold and section 44 filing). Managerial appointment and remuneration provisions (sections 198, 269, 309, 310, 311) apply immediately, though a pre existing officeholder is exempt from section 269(1) for a limited transitional period. Nominee holdings are not treated as beneficial holdings for section 43A, and shareholding reorganisations and Central Government approvals may be required to regularise managerial remuneration and company status. en-us Mon, 12 Feb 1962 00:00:00 +0530 Thu, 16 Jun 2011 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10702 Deemed conversion under section 43A brings private companies within the substantive obligations applicable to public companies from the effective date, with specified exceptions (member threshold and section 44 filing). Managerial appointment and remuneration provisions (sections 198, 269, 309, 310, 311) apply immediately, though a pre existing officeholder is exempt from section 269(1) for a limited transitional period. Nominee holdings are not treated as beneficial holdings for section 43A, and shareholding reorganisations and Central Government approvals may be required to regularise managerial remuneration and company status. Circulars Companies Law Mon, 12 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10702