Companies Act 2013: Is it race against time for India Inc? Most companies will now be required to have at least one woman and two independent directors, keep a register of beneficial investments and entities - including those taking money from the public, and establish a vigil mechanism to address grievances of directors and employees. Read more at: http://www.moneycontrol.com/news/current-affairs/companies-act-2013-is-it-race-against-time-for-india-inc_1060265.html?utm_source=ref_article

From April this year Companies Act 2013 will come into force. The ministry is likely to notify the remaining rules by tonight. But the rules for 11 chapters were notified today. These include rules on incorporation, prospectus & allotment of securities, share capital & debentures, registration of charges, management & administration, declaration & payment of dividend , accounts, appointment & qualification of directors meetings of board & its powers and CSR. Notification of rules for another 10 chapters under the Companies Act 2013 paves the way for most of the provisions to come into effect from April 1, a time-frame which some quarters feel could pose challenges for India Inc. Most companies will now be required to have at least one woman and two independent directors, keep a register of beneficial investments and entities - including those taking money from the public, and establish a vigil mechanism to address grievances of directors and employees. Is it a tall order to expect India Inc to transit to the new companies rules by April 1? - Dolphy D'souza of E&Y and Vivek Gupta of BMR Advisors discuss the pros and cons of this transition in an exclusive interview with CNBC-TV18's Shereen Bhan and Payaswini Upadhayay.

Read more at: http://www.moneycontrol.com/news/current-affairs/companies-act-2013-is-it-race-against-time-for-india-inc_1060265.html?utm_source=ref_article