Recent changes made in companies act, 2013 

The Ministry of Corporate Affairs has recently brought in various changes in Companies Act, 2013. Some of the major changes relates to reporting of amounts not considered as deposits, reporting of details of ultimate individual owner of the company, reporting of outstanding amounts to be paid to MSME suppliers and reporting of registered office and KMP details of the company. With these amendments Companies Act is now in sync with the objective of other acts like Prevention of Money Laundering Act, 2002, Benami Transactions (Prohibition) Act, MSME Act, 2006, etc. 

We believe our short analysis on recent amendments in Companies Act, 2013, available for download, will help you to understand the fine print of certain changes brought in by these amendments in the areas of Deposits, Significant Beneficial Owner, MSME Payments, Form Active.