Anmerkungen:
In: The Financial Express, 2013
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments september 9, 2013 erstellt
Beschreibung:
The Companies Act after the amendment of 2013 has been made more dynamic. The definitions like KMP which are made inclusive so that any future term that could not be foreseen by the parliament can be brought under the definition. This form of law is eminently suitable for business environment and financial markets which evolve very fast and the authorities need to respond proactively. Another issue is whether there are adequate safeguards to prevent possible misuse of delegated legislation. The Indian Financial Code can be a useful guide for making rules