https://www.taxtmi.com/news?id=15972 The Bill amends the Companies Act, 2013 to simplify private placement by removing separate offer letters, consolidating filings into the return of allotment, restricting use of application monies until allotment and return filing, and prescribing penalties and deeming consequences for non compliance; it also requires companies to maintain a register of significant beneficial owners with mandatory declarations, notice and Tribunal enforcement mechanisms for non cooperation, and revises governance, reporting and enforcement provisions to harmonise with securities and banking laws. en-us Wed, 30 Mar 2016 15:54:34 +0530 Wed, 30 Mar 2016 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15972 The Bill amends the Companies Act, 2013 to simplify private placement by removing separate offer letters, consolidating filings into the return of allotment, restricting use of application monies until allotment and return filing, and prescribing penalties and deeming consequences for non compliance; it also requires companies to maintain a register of significant beneficial owners with mandatory declarations, notice and Tribunal enforcement mechanisms for non cooperation, and revises governance, reporting and enforcement provisions to harmonise with securities and banking laws. News - Wed, 30 Mar 2016 15:54:34 +0530 https://www.taxtmi.com/news?id=15972