https://www.taxtmi.com/article/detailed?id=5947 The Bill removes statutory minimum paid-up capital requirements for private and public companies and for commencement of business; makes the common seal optional with alternative execution and authentication mechanisms; inserts section 76A creating corporate fines and officer penalties for prohibited deposit acceptance or non-repayment; prescribes auditor reporting by monetary thresholds with disclosure requirements to the audit committee/board and in the board's report; and introduces measures on dividend set-off, IEPF transfer timing, omnibus audit-committee approvals, and adjusted jurisdiction and procedural rules for offences and tribunals. en-us Wed, 17 Dec 2014 14:37:52 +0530 Wed, 11 Feb 2026 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5947 The Bill removes statutory minimum paid-up capital requirements for private and public companies and for commencement of business; makes the common seal optional with alternative execution and authentication mechanisms; inserts section 76A creating corporate fines and officer penalties for prohibited deposit acceptance or non-repayment; prescribes auditor reporting by monetary thresholds with disclosure requirements to the audit committee/board and in the board's report; and introduces measures on dividend set-off, IEPF transfer timing, omnibus audit-committee approvals, and adjusted jurisdiction and procedural rules for offences and tribunals. Articles Corporate Laws / IBC / SEBI Wed, 17 Dec 2014 14:37:52 +0530 https://www.taxtmi.com/article/detailed?id=5947