https://www.taxtmi.com/acts?id=31673 Amendments to the Companies Act definition section revise core company definitions and explanatory notes: significant influence is defined as control of at least twenty per cent. of total voting power or participation in business decisions under agreement; "joint venture" is clarified as rights to net assets; Cost Accountant definition updated to require a valid certificate of practice; certain RBI instruments and prescribed instruments are excluded from being treated as debentures; associate company and investing company definitions are expanded; Key Managerial Personnel scope is broadened; accounting references and monetary thresholds are increased; and "turnover" is redefined as gross revenue recognised in the profit and loss account for a financial year. en-us Thu, 04 Jan 2018 18:18:38 +0530 Thu, 04 Jan 2018 18:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31673 Amendments to the Companies Act definition section revise core company definitions and explanatory notes: significant influence is defined as control of at least twenty per cent. of total voting power or participation in business decisions under agreement; "joint venture" is clarified as rights to net assets; Cost Accountant definition updated to require a valid certificate of practice; certain RBI instruments and prescribed instruments are excluded from being treated as debentures; associate company and investing company definitions are expanded; Key Managerial Personnel scope is broadened; accounting references and monetary thresholds are increased; and "turnover" is redefined as gross revenue recognised in the profit and loss account for a financial year. Act-Rules F. Acts / Amendment Acts Thu, 04 Jan 2018 18:18:38 +0530 https://www.taxtmi.com/acts?id=31673