The Company Law Committee in its report dated 21-03-2022 has proposed radical changes for effective implementation of the Companies Act, 2013 and LLP Act, 2008. The main recommendations of the committee are – a) Enabling Issuance of fractional shares, b) easing norms for distressed companies to raise funds c) Facilitating certain companies to serve documents only in electronic form d) Replacing affidavits with self-declaration, etc.The Company Law Committee in its report dated 21-03-2022 has proposed radical changes for effective implementation of the Companies Act, 2013 and LLP Act, 2008. The main recommendations of the committee are – a) Enabling Issuance of fractional shares, b) easing norms for distressed companies to raise funds c) Facilitating certain companies to serve documents only in electronic form d) Replacing affidavits with self-declaration, etc.taxmann.com NewsRead More
