Essayer OR - Gratuit
Scrutiny for corporate layering
Financial Express Bengaluru
|July 03, 2025
"IN THE PREVIOUS form, the disclosure requirements were limited but the companies will now have to divulge more details, especially names of subsidiaries and percentage of shareholding at each level," said Kalpit Khandelwal, partner at Aekom Legal.
-
The revised form has to be digitally signed by authorised signatories such as director, CEO, CFO, manager, or company secretary, and must be endorsed by a board resolution authorising the filing. It has also been specified that a declaration attesting to the truthfulness, accuracy, and completeness of the information provided has to be made. Companies are warned against false statements or suppression of material information, and such practices would attract penalties under Sections 448 and 449 of the Companies Act, 2013.
Cette histoire est tirée de l'édition July 03, 2025 de Financial Express Bengaluru.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Bengaluru
Financial Express Bengaluru
TCS, HCLTech cut headcount in Q3
Both companies step up AI-focused hiring and skilling
2 mins
January 13, 2026
Financial Express Bengaluru
Food inflation negative for 7th straight month
· Deflation may reverse for'food and beverages' from January
2 mins
January 13, 2026
Financial Express Bengaluru
Yields post biggest fall in nearly three weeks
· State supply cut, index entry buzz drive bond rally
1 mins
January 13, 2026
Financial Express Bengaluru
Inequality top concern for youth: Survey
*“Cyberfraud big worry for CEOs’
1 min
January 13, 2026
Financial Express Bengaluru
BSE, IFCI stocks surge on NSE IPO expectations
STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.
1 mins
January 13, 2026
Financial Express Bengaluru
Bulls bet on revival of US-India trade talks
Equity indices sharply rebound to close in the green
1 mins
January 13, 2026
Financial Express Bengaluru
Trump weighing very strong options in Iran
IRAN SAID ON Monday it is keeping communications open with the US as President Donald Trump weighed responses to a deadly crackdown on nationwide protests, which pose one of the stiffest challenges to clerical rule since the 1979 Islamic Revolution.
1 min
January 13, 2026
Financial Express Bengaluru
Germany pledges €1.24-bn boost for green partnership
INDIA AND GERMANY on Monday signed and exchanged 27 memoranda of understanding (MoUs) and joint declarations of intent, and made eight key announcements here.
1 min
January 13, 2026
Financial Express Bengaluru
Anup Saha joins Kotak Bank as whole time director
KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.
1 min
January 13, 2026
Financial Express Bengaluru
Balance sheets don't fully reflect bank risks: Deputy guv
BANKING SUPERVISION CAN no longer rely only on balance sheets and compliance checklists as digitisation reshapes risks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said, calling for a sharper focus on operational resilience, third-party dependencies and customer protection.
1 min
January 13, 2026
Listen
Translate
Change font size