Todays update :- Companies Act 2013: 1. A private company can - TopicsExpress

Todays update :- Companies Act 2013: 1. A private company can have a maximum of 200 members, increased from 50 in the Companies Act, 1956. (Section 2(68)) 2. All companies to follow uniform financial year, running from April to March. Exceptions to be made only for certain companies with the approval of NCLT. (Section 2(41) 3. The concept of One Person Company introduced with one member. It will be a private limited company. (Section 3: Formation of company) -- Vishnu Priya.S IPCC Student #TeamSICASA1415 #Knowledgeupdates #Nagaraj

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