Companies LawLegal UpdatesUncategorized

MCA directs companies to give preference to local areas u/s 135

MCA Updates

With reference to immense concerns raised by stakeholders regarding non- compliance of Section 135 (5) first proviso of Companies Act, 2013. MCA clarifies that the companies complying under Section 135 are required to give preference to the local area and area around where the companies are operating.

Click here for the Notification

http://www.mca.gov.in/Ministry/pdf/GeneralCircular2805_29052018.pdfK

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