https://www.taxtmi.com/notifications?id=119879 Notification provides targeted exemptions and adaptations of the Companies Act for private companies licensed to operate from an IFSC in an approved SEZ, requiring formation as a company limited by shares, use of the suffix "International Financial Service Company" or "IFSC", objects limited to licensed financial services, and permanent registered office at the IFSC; it permits financial year alignment with a foreign holding company without Tribunal approval and introduces procedural relaxations including extended filing timelines, board powers by circulation, modified meeting and disclosure rules, conditional auditor appointment deeming, CSR exemption for an initial period, and mutatis mutandis application to qualifying foreign companies. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sat, 07 Jan 2017 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119879 Notification provides targeted exemptions and adaptations of the Companies Act for private companies licensed to operate from an IFSC in an approved SEZ, requiring formation as a company limited by shares, use of the suffix "International Financial Service Company" or "IFSC", objects limited to licensed financial services, and permanent registered office at the IFSC; it permits financial year alignment with a foreign holding company without Tribunal approval and introduces procedural relaxations including extended filing timelines, board powers by circulation, modified meeting and disclosure rules, conditional auditor appointment deeming, CSR exemption for an initial period, and mutatis mutandis application to qualifying foreign companies. Notifications Companies Law Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119879