Merchants’ Chamber of Commerce & Industry organised a Session on Changing Landscape of Companies Act and LODR, today at the MCCI Conference Hall.
20th February 2025
The Session was addressed by Chief Guest, Shri Rakesh Kumar Tiwari, ICLS, Regional Director (Eastern Region), Ministry of Corporate Affairs, Government of India and Guest of Honour, Shri Ananta Kumar Sethi, ICLS, Registrar of Companies (West Bengal), Ministry of Corporate Affairs, Government of India. The session was conducted by Smt. Savithri Parekh, Company Secretary & Compliance Officer, Reliance Industries Limited.
Shri Rakesh Kumar Tiwari, ICLS, Regional Director (Eastern Region), Ministry of Corporate Affairs, Government of India in his address mentioned that Government of India is committed towards bringing ease of business and appreciated the efforts of MCCI for bringing such dissemination and awareness sessions.
Shri Ananta Kumar Sethi, ICLS, Registrar of Companies (West Bengal), Ministry of Corporate Affairs, Government of India in his address said that the government is continuously making company laws more simplified and robust.
Smt. Savithri Parekh, Company Secretary & Compliance Officer, Reliance Industries Limited in her address said that amendments in the LODR includes changes to further corporate governance, compliance and shareholder and stakeholder engagements. The amendments also include an integrated filing system and exemptions for immaterial related party transactions. In her informative address she brought out the fine points and applauded the chamber for its efforts.
Shri Amit Saraogi, President, MCCI in his Welcome Address said that SEBI proposed mandating electronic payments for dividends and payouts in September 2024, eliminating cheques for faster, secure, and eco-friendly transactions.
He further mentioned that SEBI’s December 2024 amendments enforce stricter governance, mandating faster appointments, shareholder approvals, and cybersecurity incident reporting. The time gap for informing the stock exchange about the record date is reduced from 7 working days to 3 working days, allowing quicker updates and more flexibility.
Smt. Mamta Binani, Chairperson, Council on Legal & Corporate Governance, MCCI proposed the Theme Address at the Session.
(This story has not been edited by News Mania staff and is published from a Media Release)
