Treatise on Companies Bill 2012

This Commentary explains and analyses various clauses of the Companies Bill, 2012 in general, and new Company Law concepts and procedures that are proposed to be introduced in particular. It covers comparison with the existing sections of the Companies Act, 1956 and contemporary international legal principles. Highlights Board Composition, powers and functions of the Board Independent directors Enlarged set of functions to be approved by the members through special resolutions Methods of conducting related party transactions Restrictions on loans and investments Restricted access to public deposit Audit rotation Fast Track mergers and acquisitions Restatement of accounts Case for audit exemption of small companies