India Revises Companies Bill 2011, Expects to Reduce Compliance Burden: Nair & Co.

SUNNYVALE, Calif.--(BUSINESS WIRE)--Nair & Co., the leader in international business expansion services has released key highlights of the recently-approved changes to India’s Companies Bill that may affect companies doing business in India.

The Indian Companies Bill, 2011 among other provisions includes measures to regulate the financial year for corporates, obligation for corporate social responsibility, provision for “one person company”, regulations related to audits, key managerial personnel, members of companies, dividends, etc.

The proposed Bill is also expected to remove the redundant and out-of-date compliance requirements for companies doing business in India.

For more information about doing business overseas or specific International Tax, HR, Compliance or Legal issues please contact us at http://www.nair-co.com/global-offices.aspx

About Nair & Co.

Nair & Co. provides you with your one touch outsourced finance, HR, legal and compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com.