Restriction on number of layers for certain classes of holding companies (1) On and from the date of commencement of these rules, no company, other than a company belonging to a class specified in sub rule (2), shall have more than two layers of subsidiaries: Provided that the provisions of this sub-rule shall not affect […]

Short title and Commencement (1) These rules may be called the Companies (Restriction on number of layers) Rules, 2017. (2) They shall come into force on the date of their publication in the official Gazette. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax

List of Relatives in Terms of Clause (77) of section 2 A person shall be deemed to be the relative of another, if he or she is related to another in the following manner, namely:- (1) Father: Provided that the term “Father” includes step-father. (2) Mother: Provided that the term “Mother” includes the step-mother. (3)

Related Party For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director 1[other than an independent director] or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party. Amendment 1.Inserted by Notification Companies (Specification of definitions details) Amendment Rule, 2014

Companies not to be considered as listed companie For the purpose of the proviso to clause (52) of section 2 of the Act, the following classes of companies shall not be considered as listed companies, namely:- (a) Public companies which have not listed their equity shares on a recognized stock exchange but have listed their – (i) non-convertible

Definitions (1) In these rules, unless the context otherwise requires,- (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “Certifying Authority” for the purpose of Digital Signature Certificate means a person who has been granted a licence to issue a Digital Signature Certificate under section 24 of the Information Technology Act, 2000 (21 of 2000) and the Certified Filing

Short Title and Commencement [Published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of IndiaMinistry of Corporate AffairsNotification New Delhi, the 31st March, 2014 G.S.R – 238 (E) In exercise of the powers conferred under sub clause (ix) of clause (76), sub-clause (iii) of clause (77) of section 2, read with sub-sections (1) and