COMPARATIVE ANALYSIS AND EFFECT OF COMPANIES (AMENDMENT) BILL, 2017
SERIES - I COMPARATIVE ANALYSIS AND EFFECT OF COMPANIES (AMENDMENT) BILL, 2017 Section Companies Act, 2013 Companies (Amendment) Bill, 2017 Effect 2(6) Definition of Associates Company: The expression “Significant influence” means control of at least 20% of total share capital, or business decisions under an agreement. The expression “Significant influence means control of at least 20% of total voting power, or control of or participation in business decisions under an agreement. Now Joint Venture is defined under said bill; “Joint Venture” means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. 1.. Only by holding of 20% share capital of another company is not sufficient for making an associate company. 2. Now a company make another company as an associate company in spite of holding of less...