Under the Companies Act, 2013, the central government has amended rules to regulate the incorporation of companies, the appointment of directors, issuance & transfer of securities and undertaking compromise, arrangements & amalgamation in cases where Land Border Countries Entities (LBCEs) are involved, , corporate affairs ministry, rao inderjit singh, Corporate Data, india-china, Home Affairs Ministry
Get latest articles and stories on India at LatestLY. The government on Monday said there are 3,560 companies in India that have Chinese directors. India News | Govt Says 3,560 Companies in India Have Chinese Directors.
The government has amended rules governing companies with respect to prior approval being mandatory for investments by entities and individuals from countries that share a land border with India. The rules pertaining to prospectus and allotment of securities under the Companies Act, 2013 were amended by the corporate affairs ministry on May 5.