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What is company Law Act, 2013?

Indian Parliament consolidates and amends the following through Company Law Act,2013

  • A minimal paid capital is required to start a Private Limited Company in India.
  • The need for the Commencement of Business Certificate post registration is cancelled in the new Act.
  • Common stamp is optional at present and acceptance to the signatures of the Directors is very important.
  • At present, there are strict punishments given for Companies which welcomes or accept stores beginning from the Public with any approval from the Regulatory Authorities.
  • The holding Company can provide loans or guarantees to the subsidiary Company.
  • Company having losses or negative reserves cannot declare dividends.
  • Board Resolutions will be confidential starting from now.

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