Banking Service Chronicle
Banking Service Chronicle approval
for promulgation of an ordinance to bring amendments to the
Companies Act
2013. The amendments are largely in line with recommendations of a panel headed by
Corporate Affairs Secretary Injeti
Srinivas. The ordinance will cover provisions to decriminalise several offences
(about 80) banking services chronchile under
the Companies Act, cap independent directors' remuneration, introduce steps to improve
independence orindepencient directors and
bring measures to curb shell
companies besides help de-clog the
National Company Law Tribunal bsc magazine
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