Since the introduction of Companies Act, 2013 (“Act”), the Ministry of Corporate Affairs (“MCA”) has issued several clarifications through circulars and amendments. In an effort to further clarify and simplify certain matters in relation to the Companies Act, 2013 (“Act”), and also to facilitate ‘ease of doing business’, the Cabinet and Lok Sabha (the lower house of Parliament) cleared the Companies Amendment Bill, 2014 (“Bill”) during the current session of Indian parliament. …