Company Law -An Introduction

Year: 2023

Author: Rinita Das

Dr Avtar Singh’s Company Law: An Introduction has been revised extensively in light of all the Companies Amendment Acts passed by Parliament to date and it incorporates all amendments that have been made to the Companies Act, 2013. These amendments include changes to relevant definitions related to the substantive provisions and administration of the company for better governance. For example, to promote transparency, the Companies (Amendment) Act, 2019 has provided for physical verification of the registered office of a company if the Registrar has reason to believe that the company is not carrying on any business or operations. The updated CSR provisions have also been included which allow the company to contribute to many more areas. The book also includes the revised penalties for violation of provisions of the Act in light of the Amendment Act of 2020 that has decriminalised various offences. Imprisonment as punishment has been removed for contravention of the Sections relating to buy back of securities, financial statements and board reports, and disqualification of directors being some of the important changes. The Amendment Acts have also provided for the imposition of stringent punishment for repeated offences which should lead to corporate governance reforms. This book further discusses the provisions relating to the registration and incorporation of the company, removal of the name of the company from the register along with provisions relating to winding up and annulment of dissolution. Mediation and conciliation form a very prominent aspect of the law in corporate disputes which have also been discussed.