New Delhi, Mar 14 (KNN) The UK India Business Council (UKIBC) is planning to organize a webinar for the UK companies doing business in India, with a view to making them aware about the new Indian Companies Act and its impact on their businesses.

“In this UKIBC webinar, PwC’s (Price Water Cooper) India experts will share their expertise and understanding of what UK companies doing business in India need to do in order to comply with the new Indian Companies Act, which came into force in March 2014,” UKIBC said.

The webinar will be held on April 3, 2014 in the national capital.

“India is a complicated market to access, with significant regional, social, religious, linguistic, regulatory, legal, and commercial differences between and within its 28 states. Making sense of these is challenging for UK companies,” it added.

A new concept of fast-track processes for mergers has been introduced as part of India's Companies Act 2013. This legislation is expected to be fully enforced this month, and it is believed that it will create a paradigm shift in India’s approach to governance. The Act will simplify group restructuring, and specific provisions have also been made for cross-border mergers. 

“According to PwC (Price Water Cooper) experts, the Companies Act 2013 will change the focus of corporate governance from control to disclosure. In this UKIBC webinar, our expert speakers from PwC will share their intelligence and views on how it will affect your business,” said UKIBC.

According to UKIBC, some of the benefits of attending the webinar are - gaining expert advice on doing business in India; hearing an overview of India’s Companies Act and the changes associated; advice on how to make sure your company complies with the changes; an explanation of the new CSR aspect to Indian corporate law; and an opportunity to ask questions. (KNN/SD)