https://www.taxtmi.com/article/detailed?id=5557 The Act removes most prior exemptions for private companies, requiring filing of subscription and paid up capital before commencement, extending rights issue, preferential allotment and differential voting rules to private companies, and prohibiting unsecured deposits from directors' relatives. It also imposes expanded governance duties-KMP appointments where thresholds apply, restrictions on loans to directors, resident director requirements, consent filing for directors, limits on directorships, potential CSR obligations-and strengthened reporting, audit tenure limits, consolidated accounts and formalized meeting and director report authentication requirements. en-us Mon, 07 Apr 2014 06:07:50 +0530 Mon, 07 Apr 2014 06:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5557 The Act removes most prior exemptions for private companies, requiring filing of subscription and paid up capital before commencement, extending rights issue, preferential allotment and differential voting rules to private companies, and prohibiting unsecured deposits from directors' relatives. It also imposes expanded governance duties-KMP appointments where thresholds apply, restrictions on loans to directors, resident director requirements, consent filing for directors, limits on directorships, potential CSR obligations-and strengthened reporting, audit tenure limits, consolidated accounts and formalized meeting and director report authentication requirements. Articles Corporate Laws / IBC / SEBI Mon, 07 Apr 2014 06:07:50 +0530 https://www.taxtmi.com/article/detailed?id=5557