Companies Act 2013 provisions applicable to private companies modified: MCA

The Ministry of Corporate Affairs notified on June 5, 2015 that certain provisions of the Companies Act, 2013 shall not apply to private limited companies or shall apply with such exceptions or modifications as directed in the notification.

http://goo.gl/Oawjjr

These exemptions and relaxations are applicable only to a private company which is not a subsidiary of public company. The existing compliance requirements and restrictions will continue to apply to a public company and a private company which is a subsidiary of public company.

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