Impact Of New Companies Act 2013 On Corporate Governance
1. ANNUAL RETURN UNDER COMPANIES ACT 2013 The 2013 Act states that requirement of certification by a company secretary in the practice of annual return will be extended to companies having paid-up capital of five crore INR or more and turnover of 25 crore INR or more* (section 92(2) of 2013 Act and the 1956 Act requires certification only for listed companies). The information that needs to be included in the annual return has been increased....