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Companies Act 2013 – Impact on Private Equity and Venture Capital Funds

December4

The recently enacted Companies Act, 2013 (the New Act) is a landmark piece of legislation
and likely to have far reaching consequences on all companies incorporated in India. The
erstwhile Companies Act, 1956 was in existence for well over fifty years and was lately seeming
quite ineffective at handling present day challenges of a growing industry and the complexities associated with the growing stakeholders’ interest.

The New Act promises to substantively raise the bar on governance and in comprehensive
form purports to deal with some very relevant themes. On the flip side, it appears to be quite
pervasive and thrusts greater responsibility and obligation on the Board of Directors and
the Management in Indian companies.

Amity Innovation incubator, Amity Campus, Noida.Companies Act 2013 is Organizing a special session on Thursday, 12th December 2013 from 3.00 – 6.00 pm. Impact on Private Equity and Venture Capital Funds and their portfolio companies’ through the following six themes:

• Rigour on ‘Increased Reporting Framework’
• Emphasis on ‘Investor protection’
• ‘Easing Restructuring’ of companies
• ‘Onerous Responsibility’ on Board
• Higher ‘Auditor Accountability’ Independent Director, Audit Committee, KMP
• Push on ‘Inclusive Agenda’ (CSR)

For more details, please contact Ms. Dolly Goklaney at 91 9810929984 or dgoklaney@aii.amity.edu.

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This is a forum for entrepreneurs and professionals to connect, learn and grow with each other. The objective of this blog is to give you access to relevant resources, business opportunities and networking opportunities to enhance your entrepreneurial and professional lives.

About Author:

Digbijoy has a wide ranging experience across diverse sectors, initially started his career in education marketing with reputed educational institutes and then subsequently joined the advertising and events industry to execute several projects including a state election campaign for a national party, conceptualizing and running a restaurant chain in Delhi and several other projects.

He joined the Delhi chapter of The Indus Entrepreneurs (TiE Delhi), where he worked for over 3 years and drove various key initiatives like mentoring, deal flow, marketing, sponsorships etc and left his last position as Associate Director of the chapter in 2008 to pursue his entrepreneurial ambitions. He subsequently joined techTribe- India largest Career Networking platform where he served as director strategic relations and drove unique initiatives and partnerships for building and sustaining community engagement. Post techTribe he co founded an online supplemental education start-up – TenMarks Education INC. which was acquired by Amazon.com in October 2013.

Post TenMarks he lead Ennovent India as its country director which is an innovation accelerator. Ennovent provide services to accelerate innovations for sustainability in low-income markets in developing countries. It specializes in helping clients discover enterprises with novel solutions, develop business models to start-up enterprises, provide finance by facilitating early-stage investments and grow operations to scale profit and impact. Since 2008, Ennovent has worked with over 4,800 Network members, 15 Circle members and 10 Solution clients to accelerate over 80 innovations in 10 countries.

Currently Digbijoy Co-leads the Startup Program for Amazon Internet Services Pvt Ltd enabling the best startups leverage the power of cloud.

Lets Connect:-
Email: digbijoys@gmail.com
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