As on date, certain provisions under the 2013 Act are yet to be notified, and to that limited extent, the provisions of the 1956 Act continues to apply. It is pertinent to note that Forex Laws previously permitted (automatically), FDI only into a company as an investment vehicle, as o...
In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.