Sucheta Dalal :Dividend rules tweaked: MCA makes setting-off of past losses mandatory
Sucheta Dalal

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Dividend rules tweaked: MCA makes setting-off of past losses mandatory  

June 16, 2014

The tendency of pushing through substantive changes in the law through the Rules, completely bypassing the parliamentary process, continues unabated and is an extremely undesirable practice adopted by the MCA

 

Vinod Kothari


Clearly, the Ministry of Corporate Affairs (MCA) is working fast and hard, in correcting the scores of anomalies and absurdities of the law passed and hurriedly enforced by the previous government.

 

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-- Sucheta Dalal