Masterclass on Companies Act, 2013 and the Recent Amendments on 24th July, 2015 at Mumbai

 

 

INTRODUCTION

The New Companies Act 2013 which was enacted in August 2013 is considered to be a milestone in the arena corporate reforms in India as it laid down a new regime of business friendly regulations. However upon it™s implementation various sections of industry raised serious concerns over various the stringent provisions. There were demands from the private sector regarding exemption from the provisions of related-party transactions and the mandatory audit firm rotation. To increase the ease of doing business, the government had recently introduced the Companies Amendment Act 2015 with 14 amendments. The government has already notified amendments to the Companies Act, which makes it easier to do business and provides for stricter penalties for fraud cases. The amendments, which were passed by Parliament earlier this month were mainly to deal with board resolutions, utilisation of unclaimed dividends and setting-up of a firm among others as well as to bring the law in tune with the global standards.

CorpKonnect presents a one full day executive learning program on The Companies Act 2013 and the recent amendments to understand and critically analyse the new corporate law of the land and it™s ongoing changes. Also it aims to determine the level of changes still required to match the global standards of business friendliness.

Agenda of the workshop:

Module I: Impact of Companies Act 2013 on Internal Financial Controls

• ·         Components of IFC
• ·         Section 134 – Key compliance requirements
• ·         Section 177
• ·         Section 143
• ·         Schedule IV

Module II : Related Party Transaction and recent Amendments

• ·         Who™s a related party?
• ·         What is a related party transaction
• ·         Board’s Approval
• ·         Exemptions
• ·         Disclosures & Transparency
• ·         Loans, Investments and Guarantees
• ·         Changes from Companies Amendment Act 2015

Exemptions to Private Companies under section 462

Module III: Impact on Directors and KMPs and recent Amendments

• ·         Appointment & Qualification of Directors
• ·         Duties, Vacation, Resignation, Removal
• ·         Disqualification of directors
• ·         Roles and Responsibilities of independent and Dependent directors
• ·         Liabilities of directors and officers
• ·         Clarification on definition of KMPs
• ·         Obligations for KMPs & Penalties for non-compliance

Other key changes in the Companies Amendment Act 2015

• ·         Acceptance of deposit
• ·         Declaration of dividend and unpaid dividend account
• ·         Reporting of fraud
• ·         Powers and duties of Auditors and Auditing standards
• ·         Audit Committee
• ·         Recent Development on NCLT and NCLAT

Module IV: Impact Of The Companies Act, 2013 on Mergers & Acquisitions

• ·         Cross-Border M&A
• ·         M&A provisions for Small Companies/ Holding-subsidiary
• ·         Reverse Mergers
• ·         Regulatory approvals, procedure & process under NCLT regime
• ·         Other important aspects:
            – Buy-Back
            – DVR
  – Layered Structures
  – Treasury Stock
• ·         Minority Squeeze Outs
• ·         Class Action Suits

Workshop Experts:

1. Yogesh Sharma

Partner, Grant Thornton India

2. Shishir Vayttaden

Patner, Cyril Amarchand Mangaldas

3. Mithun Thanks

Partner, Shardul Amarchand Mangaldas

Details of other experts coming soon….

REGISTRATION AND PAYMENT  DETAILS

Investment Per Attendee: INR 8,000 per delegate

Early Bird Offer: 10% early bird discount on 2 or more registrations till 17th July

The Fee includes lunch and refreshments, course material and participation certificate

To Register your Interest please send us the required information:

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For registration or any other information, please contact 
Saurabh Sahni
Mob: 9654692848 / 9810660199
Tel: 0120 – 6524199
Email: saurabh.sahni@corpkonnect.com