104 thoughts on “Amend it, or Rescind it- The Companies Act, 2013

  1. A R MUNDRA

    It was an exercise initiated with good intentions but messed up completely . There was no need to put it on implementation unless all rules are properly
    framed & things are completely vetted by stakeholders.

    Reply
  2. Jatin Popat

    Dr. Gupta,

    I am in agreement with your views. I am a practicing Company Secretary. The law which should be revolution and evolution should at first place be ‘made properly’ instead of hush-up manner with lots of confusions and far away from business practicalities. Law is a compliance tool for country and business, it can not be rule maker for business suddenly – for example refund of deposits / loans in one year. I am not sure what will happen to business into capital goods, real estate, hospital, hotel etc. which has taken loans for long term period as per business plans. I think henceforth all business plan makers will have to first see Companies act first.

    Reply
  3. C.N.SUBRAMANIAN

    It was exercise started with good intention. The announcements given in March and asked companies to follow from March. With a lot of clarifications i( in peace meal basis) made it very difficult to update and even professionals find it difficult follow leave alone stake holders.

    Reply
  4. Atul Bohra

    ICAI, FICCI will be very happy to help the government frame good corporate law for the country.
    Government should consult them.

    Reply
  5. Anuj Tripathi

    PM Modi is continuously branding India but with such restrictive company law I don’t think much can be achieved.

    Reply
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  19. Carol Baig

    Targeting easy law, they even messed the Companies Act 1956.
    This is blunder. So many confusions.
    And you are right there is no office where we can go for clarifications.

    Reply
  20. Pradhan Shan

    I respect your thoughts sir but do not compare Indian laws with foreign.
    They have different corporate culture and we have different.

    Reply
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