Banker and the Companies Act 2013

Abstract

Companies Act, 2013 has made lot of changes in the provisions governing companies in all aspects. As a Banker, we must be conversant with as many provisions as possible. However, knowledge of the provisions regarding creation, modification and satisfaction of charges on the assets charged as security for the loans is a necessity. There have been many changes in this regard in the new Act. The article would have provided the reader with a bird's eye view of the amendments. Any further details can be had by referring to the Companies Act, 2013 and the Companies Rules, 2014 which are available on the website of Ministry of Corporate Affairs, (www.mca.gov.in).