https://www.taxtmi.com/news?id=13733 The Bill removes minimum paid up capital requirements, makes the common seal optional with alternative execution authorisations, prohibits public inspection of board resolutions, requires set off of prior losses and depreciation before dividend declaration, creates a penal provision for contravention of deposit rules with specified fines and imprisonment, prescribes auditor fraud reporting thresholds to the Central Government with lower value reports to the audit committee and Board plus Board report disclosure, permits omnibus audit committee approval and exempts wholly owned subsidiary transactions from non related shareholder approval. en-us Wed, 17 Dec 2014 18:50:46 +0530 Wed, 11 Feb 2026 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13733 The Bill removes minimum paid up capital requirements, makes the common seal optional with alternative execution authorisations, prohibits public inspection of board resolutions, requires set off of prior losses and depreciation before dividend declaration, creates a penal provision for contravention of deposit rules with specified fines and imprisonment, prescribes auditor fraud reporting thresholds to the Central Government with lower value reports to the audit committee and Board plus Board report disclosure, permits omnibus audit committee approval and exempts wholly owned subsidiary transactions from non related shareholder approval. News - Wed, 17 Dec 2014 18:50:46 +0530 https://www.taxtmi.com/news?id=13733