Dear Professional Colleagues,
Ministry of Corporate Affairs has invited comments/suggestions along with justifications on Draft of Amendments to the Companies (Specification of Definitions Details) Rules, 2014.
The proviso to clause (87) of section 2 of the Companies Act, 2013 provides for restricting class or classes of holding companies from having layers of subsidiaries beyond prescribed number. Based on suggestions received, the Ministry of Corporate Affairs (MCA) is considering commencing the said provision.
It is requested to all CMA colleagues to share their valuable comments/suggestions, if any, on the draft rules, to be sent latest by 20th July, 2017 through email at firstname.lastname@example.org., marking a copy at email@example.com.
You may download Draft of Amendments to the Companies (Specification of Definitions Details) Rules, 2014 from link below:
Format for sending suggestions/comments
Looking forward to have your valuable suggestions.
With Warm Regards
CMA Amit Apte
Central Council Member
Chairman, Professional Development, Banking & Insurance Committee
The Institute of Cost Accountants of India
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