https://www.taxtmi.com/news?id=11511 The new companies statute modernises corporate regulation by strengthening board accountability through defined roles and liabilities for Independent Directors, mandating key board committees including a CSR Committee, instituting vigil mechanisms and account re opening provisions; tightening audit oversight via auditor rotation, limits on non audit services and establishment of the National Financial Reporting Authority; streamlining certain merger procedures while retaining Tribunal oversight for others; enhancing investor protections on deposits and class actions; and revising the National Company Law Tribunal's composition and appellate route. en-us Fri, 09 Aug 2013 09:26:59 +0530 Sat, 10 Aug 2013 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11511 The new companies statute modernises corporate regulation by strengthening board accountability through defined roles and liabilities for Independent Directors, mandating key board committees including a CSR Committee, instituting vigil mechanisms and account re opening provisions; tightening audit oversight via auditor rotation, limits on non audit services and establishment of the National Financial Reporting Authority; streamlining certain merger procedures while retaining Tribunal oversight for others; enhancing investor protections on deposits and class actions; and revising the National Company Law Tribunal's composition and appellate route. News - Fri, 09 Aug 2013 09:26:59 +0530 https://www.taxtmi.com/news?id=11511