Interactive session on The Companies (Amendment) Act, 2017

Ms. Kaveri Kumar, Founder and Head of Corporate Practice participated in an interactive session on 'the Companies (Amendment) Act, 2017 ("the Act")' organized by the PHD Chamber of Commerce and Industry.

Some of the key aspects highlighted in the session were:

• Introduction of more than 40 notable amendments to the Act and its implication on working companies and directors.

• Role of the Act in strengthening corporate governance standards, initiating strict action against defaulting companies and achieving better harmonization with other statutes.

• Focus on boosting the industrial sector and startups.

• Effect of the changes introduced by the amendments on administration of companies and compliance requirements.