FROM THE DESK OF CS S. DHANAPAL, B.Com, B.A.B.L., F.C.S
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Dear All,
Since the introduction of the Companies Act, 2013 in September 2013, certain class of companies like Private Companies, Government Companies etc. was feeling the pressure of the rigorous provisions of the Act and the compliances required therein.
Especially, Government Companies, which enjoyed many exemptions and reliefs under the Companies Act, 1956, the introduction of Companies Act, 2013 proved a challenge for them. Many of the provisions of the Companies Act, 2013 were posing difficulty in their practical application, like those relating to appointment of independent directors, seeking deposit from directors seeking appointment at general meetings etc. The coming into effect of the Companies Act, 2013 meant that all the reliefs and relaxations granted under the Companies Act, 1956 to these Government Companies were automatically revoked till a further notification granting certain specific reliefs was brought out.
The Ministry of corporate Affairs has by way of notifications dated 5th June, 2015, released the most anticipated exemptions for Government Companies, Private Companies, Nidhi Companies and Companies registered under Section 8 of the Companies Act, 2013 (Act).
This write-up titled "EXEMPTIONS TO GOVERNMENT COMPANIES" presents an insight on the exemptions provided by means of these notifications to Government Companies. Exemptions to Private Companies and Companies registered u/s 8 of the Act has already been circulated by means of separate write ups and for Nidhi Companies the write up will be circulated shortly.
Please click on the link below at the end of the email to download and read the full article.
Article on "Exemptions to Private Companies" and "Exemptions to Section 8 Companies" is also annexed for ready reference of readers.
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Thanks and Regards
S. Dhanapal
Sr. Partner
M/s. S Dhanapal & Associates
(a Firm of Practising Company Secretaries)
Suite No.103, First Floor, Kaveri Complex,
96/104, Nungambakkam High Road,
(Next to NABARD and ICICI Bank),
Nungambakkam, Chennai - 600 034.
Land-line 044 - 4553 0256 / 0257
Dir-044-42652127 Cell-9677022712
email: csdha...@gmail.com
website:www.csdhanapal.com
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