Photo of Vidhi Sharma

Senior Associate in the General Corporate Practice at the Mumbai Office of Cyril Amarchand Mangaldas. Vidhi’s practice includes advising on inbound and outbound investments, joint ventures, private equity transactions, business acquisition and restructuring, along with advisory on various corporate commercial laws. Vidhi is qualified to practice in India and New York. She can be reached at vidhi.sharma@cyrilshroff.com

Changes in the Indian Companies Act

Recently, based on the recommendations of the Committee to Review Offences under the Companies Act, 2013 (Committee), the Companies (Amendment) Ordinance, 2018 (Ordinance) was passed on November 2, 2018, to effect certain changes in the Companies Act, 2018 (CA 2013). Around the same time the Ministry of Corporate Affairs (MCA) also issued a notice, seeking comments/suggestions from stakeholders on additional amendments of an “urgent nature” that are required to strengthen the corporate governance and enforcement framework (Notice). This article discusses some of the key amendments proposed in the Notice, which would have far reaching impact if approved in their current form. Continue Reading Companies Act, 2013: More Changes in the Offing