https://www.taxtmi.com/article/detailed?id=6276 The Bill removes minimum paid up capital requirements, makes the common seal optional, creates a penal provision for unlawful acceptance of deposits, restricts public inspection of Board resolutions, mandates write off of past losses before dividend declaration, refines IEPF transfer rules for shares with claimed dividends, establishes thresholds for fraud reporting with lower level reporting to the Audit Committee, allows annual omnibus approvals for related party transactions and exempts certain intra group transactions from shareholder approval, exempts specified intra group loans from section 185, converts some special resolutions to ordinary, narrows bail limits to fraud, reduces winding up bench size, and confines Special Courts to more serious offences. en-us Tue, 26 May 2015 07:44:10 +0530 Tue, 26 May 2015 07:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6276 The Bill removes minimum paid up capital requirements, makes the common seal optional, creates a penal provision for unlawful acceptance of deposits, restricts public inspection of Board resolutions, mandates write off of past losses before dividend declaration, refines IEPF transfer rules for shares with claimed dividends, establishes thresholds for fraud reporting with lower level reporting to the Audit Committee, allows annual omnibus approvals for related party transactions and exempts certain intra group transactions from shareholder approval, exempts specified intra group loans from section 185, converts some special resolutions to ordinary, narrows bail limits to fraud, reduces winding up bench size, and confines Special Courts to more serious offences. Articles Corporate Laws / IBC / SEBI Tue, 26 May 2015 07:44:10 +0530 https://www.taxtmi.com/article/detailed?id=6276