0
Welcome
THE COMPANIES ACT, 2013
Presented by
JAYESH ALWANI
New rules of the game
 This Presentation is prepared keeping the provisions of
the 2013 Act and does not capture provisions of the
Rules as the...
TODAY’S OVERVIEW
SALIENT FEATURES
COMPANIES ACT 1956 COMPANIES ACT 2013
13 Parts 29 Chapters
658 Sections 470 Sections
15 Schedules 7 Sched...
 Passed in Lok Sabha on 18th December,
2012 (Bill no. 121 of 2011)
 Passed in Rajya Sabha on 8th August,
2013 (Bill no. ...
NEW CHAPTERS INCLUDED IN
COMPANIES ACT 2013
Chapter Description Chapter Number
Registered Valuers Chapter 17
Government Co...
CHANGES REGARDING INCORPORATION
RELATING MATTERS
Sr
no
Particular Provisions under
Companies Act 1956
Provisions under
Com...
 The concept of “One Person Company” has been
introduced and the said company will be formed as a
private limited company...
Continued….
 2013 Act provides additional flexibility to OPC. Some of
the relaxations provided to OPC are as under:
– Cas...
OBJECT CLAUSE OF MOA
Provisions under Companies Act
1956
Provisions under Companies Act
2013
Object Clause is bifurcated
i...
FINANCIAL YEAR
 Financial Year in relation to any
company or body corporate, means the
period ending on the 31st day of M...
KEY MANAGERIAL PERSON (KMP)
Companies Act
1956
Companies Act
2013
No provision
except in AS 18
Related Party
Disclosures
I...
APPOINTMENT OF WHOLE TIME
KMP
Companies Act, 1956 Companies Act, 2013
Public Company having
paid-up capital of Rs.5
Crore ...
DIVIDEND TRANSFER TO RESERVES
Companies Act 1956 Companies Act 2013
No Dividend can be
declared more than 10%
for any F.Y ...
REGISTERED VALUER
Companies Act 1956 Companies Act 2013
No provision provided for
registered valuer.
When valuation is req...
CHANGES REGARDING ISSUE OF SHARES
CAPITAL
Sr
No
Particular Provisions under
Companies Act 1956
Provisions under
Companies ...
CONTINUED…
Sr
No
Particular Provisions under
Companies Act 1956
Provisions under
Companies Act 2013
4 Notice of
alteration...
AUDIT
AND
AUDITORS
SCOPE OF AUDIT
 Scope of auditor enhanced to report on additional
matters such as :
‒the existence and operating effectiv...
AUDITORS
 Every company is required at its first annual general meeting
(AGM) to appoint an individual or a firm as an au...
Continued…
• Internal audit may be made mandatory for prescribed
companies.
• Auditors are restricted from rendering other...
Appointment of Auditor in unlisted companies
Appointment Period of appointment
At first AGM to hold office till conclusion...
 Every listed company shall form an Audit Committee.
 The Audit Committee shall consist of minimum of three
directors wi...
Summary
Appointment or Reappointment
Of Auditor
Individual as an Auditor
More than 5
Consecutive
years
Audit Firm
More tha...
NATIONAL FINANCIAL REPORTING
AUTHORITY (NFRA)
 NFRA to be constituted by CG to provide for dealing
with matters relating ...
SECRETARIAL STANDARDS
• For the first time, the Secretarial Standards has been
introduced and provided statutory recogniti...
APPOINTMENT OF COMPANY
SECRETARY
 CS being a whole-time KMP is to be appointed by a
resolution of the BOD which will also...
 In December 2008, the Ministry of Corporate Affairs
introduced Voluntary Guidelines on Corporate Governance
which inter-...
CHANGES REGARDING DIRECTORS AND
THEIR POWERS
 In listed and prescribed class or classes of companies, there
should be at ...
Continued…
 The maximum limit of directors in the Company has
been increased to 15 from the 12. Company can appoint
more ...
INDEPENDENT DIRECTOR
Continued…
 Listed co. and prescribed class of public co. to have at least 1/3rd of
its total number...
Continued..
 The company and independent director are required to comply
with the provisions specified in Schedule IV.
 ...
RESIGNATION OF DIRECTORS
NOMINATION AND REMUNERATION
COMMITTEE (NRC)
Companies Act, 1956 Companies Act, 2013
No provision Mandatory in case of list...
Corporate Social
Responsibility
(CSR)
CSR…
 Every company having
Net worth of Rupees 500 Crore or more, or
Turnover of Rupees 1,000 Cr or more, or
Net profits ...
Continued…
 Board to ensure that at least 2% of the average net
profits of last 3 years is spent by the company on CSR
ac...
RESTRICTION ON FURTHER BUYBACK OF
SHARES
 Whether Authorised by Board or
Shareholders , No further offer for buy-
back sh...
MERGERS & ACQUISITIONS
• Merger of Indian company with a foreign
company allowed.
• Fast track merger for small companies ...
NATIONAL COMPANY LAW TRIBUNAL
(NCLT)
 2013 Act replaces the High Court with a Tribunal to be
known as NCLT, which will co...
RELATED PARTY TRANSACTIONS
 Requirement of obtaining Central Government
approval for related party transactions not requi...
COMMITTEES OF THE BOARD
Following committees of the Board made
mandatory for listed and prescribed classes of
companies:
...
LOAN TO DIRECTORS
 No company shall directly or indirectly advance any
loan (including loan represented by a book debt) o...
WINDING UP OF A COMPANY
 Certain criteria for winding-up by NCLT deleted like minimum
number of members falling below pre...
MISCELLANEOUS
 Inability to pay debts will be considered as criteria for
determining a sick company
 Central Government ...
PROVISIONS CITED IN COMPANIES ACT-
2013 FOR BETTER GOVERNANCE
 New Provisions for Better Governance:
 Requirement to con...
Why worry and have wrinkles
When you can smile and have
Than
k
You..
Próximos SlideShare
Carregando em...5
×

Companies act - 2013 VS 1956

24,179

Published on

Brief Comparison between Companies Act 1956 VS Companies Act 2013.

Published in: Educação
5 Comentários
28 pessoas curtiram isso
Estatísticas
Notas
Sem downloads
Visualizações
Visualizações totais
24,179
No Slideshare
0
A partir de incorporações
0
Número de incorporações
2
Ações
Compartilhamentos
0
Downloads
1,937
Comentários
5
Curtidas
28
Incorporar 0
No embeds

No notes for slide
  • This template can be used as a starter file for presenting training materials in a group setting.SectionsRight-click on a slide to add sections. Sections can help to organize your slides or facilitate collaboration between multiple authors.NotesUse the Notes section for delivery notes or to provide additional details for the audience. View these notes in Presentation View during your presentation. Keep in mind the font size (important for accessibility, visibility, videotaping, and online production)Coordinated colors Pay particular attention to the graphs, charts, and text boxes. Consider that attendees will print in black and white or grayscale. Run a test print to make sure your colors work when printed in pure black and white and grayscale.Graphics, tables, and graphsKeep it simple: If possible, use consistent, non-distracting styles and colors.Label all graphs and tables.
  • This is another option for an Overview slide.
  • Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important.Introduce each of the major topics.To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
  • Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important.Introduce each of the major topics.To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
  • Use a section header for each of the topics, so there is a clear transition to the audience.
  • Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important.Introduce each of the major topics.To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
  • What will the audience be able to do after this training is complete? Briefly describe each objective how the audience will benefit from this presentation.
  • Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important.Introduce each of the major topics.To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
  • What will the audience be able to do after this training is complete? Briefly describe each objective how the audience will benefit from this presentation.
  • This template can be used as a starter file to give updates for project milestones.SectionsRight-click on a slide to add sections. Sections can help to organize your slides or facilitate collaboration between multiple authors.NotesUse the Notes section for delivery notes or to provide additional details for the audience. View these notes in Presentation View during your presentation. Keep in mind the font size (important for accessibility, visibility, videotaping, and online production)Coordinated colors Pay particular attention to the graphs, charts, and text boxes. Consider that attendees will print in black and white or grayscale. Run a test print to make sure your colors work when printed in pure black and white and grayscale.Graphics, tables, and graphsKeep it simple: If possible, use consistent, non-distracting styles and colors.Label all graphs and tables.
  • What will the audience be able to do after this training is complete? Briefly describe each objective how the audience will benefit from this presentation.
  • What will the audience be able to do after this training is complete? Briefly describe each objective how the audience will benefit from this presentation.
  • Transcript of "Companies act - 2013 VS 1956"

    1. 1. Welcome
    2. 2. THE COMPANIES ACT, 2013 Presented by JAYESH ALWANI New rules of the game
    3. 3.  This Presentation is prepared keeping the provisions of the 2013 Act and does not capture provisions of the Rules as the same are in Draft stage and are subject to change once the feedback of the stakeholders is received by MCA and incorporated in the final Rules.  "Prescribed" or "as prescribed" or "as may be prescribed" used in this Presentation means the Rules as may be finalized by the CG.
    4. 4. TODAY’S OVERVIEW
    5. 5. SALIENT FEATURES COMPANIES ACT 1956 COMPANIES ACT 2013 13 Parts 29 Chapters 658 Sections 470 Sections 15 Schedules 7 Schedules The entire act has been divided into 29 chapters.
    6. 6.  Passed in Lok Sabha on 18th December, 2012 (Bill no. 121 of 2011)  Passed in Rajya Sabha on 8th August, 2013 (Bill no. 121 of 2011)  Received Ascent of President 29th August, 2013 HIGHLIGHTS OF THE COMPANIES ACT, 2013
    7. 7. NEW CHAPTERS INCLUDED IN COMPANIES ACT 2013 Chapter Description Chapter Number Registered Valuers Chapter 17 Government Companies Chapter 23 Companies to Furnish Information or Statistics Chapter 25 Nidhis Chapter 26 National Company Law Tribunal & Appellate Tribunal Chapter 27 Special Courts Chapter 28
    8. 8. CHANGES REGARDING INCORPORATION RELATING MATTERS Sr no Particular Provisions under Companies Act 1956 Provisions under Companies Act 2013 1 Types of Companies Public company Private company Public company Private company One Person company 2 Maximum no of members for private companies A private company can have maximum of 50 members A private company can have maximum of 200 members 3 One person company No provision for OPC New Concept Introduced 4 Commencement of business Provisions applicable to public limited company only Now applicable to all companies having share capital
    9. 9.  The concept of “One Person Company” has been introduced and the said company will be formed as a private limited company. This will be called as “OPC Limited” [Section 2(62)].  A Company may be an OPC having a sole member.  The memorandum of such OPC is required to indicate the name of the person who shall become member in the event of death or incapacity of the sole member.  OPC is required to specifically mention the word “one person company” below the name wherever it is used. INCORPORATION OF COMPANIES Continued….
    10. 10. Continued….  2013 Act provides additional flexibility to OPC. Some of the relaxations provided to OPC are as under: – Cash flow statement is not required. – Annual Return can be signed by CS or one director if there is no CS. – Provisions of board meeting, quorum and interested director shall not apply to OPC. – OPC should have minimum 1 director. – OPC need not hold an AGM. – Financial Statements can be signed by only one director.
    11. 11. OBJECT CLAUSE OF MOA Provisions under Companies Act 1956 Provisions under Companies Act 2013 Object Clause is bifurcated into –  Main Objects,  Incidental or Ancillary Objects and  Other Objects. MOA to contain the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof.
    12. 12. FINANCIAL YEAR  Financial Year in relation to any company or body corporate, means the period ending on the 31st day of March every year in order to align with the provisions of the income tax act. (Section 2(41))
    13. 13. KEY MANAGERIAL PERSON (KMP) Companies Act 1956 Companies Act 2013 No provision except in AS 18 Related Party Disclosures Includes:  CEO or MD or Manager;  Company Secretary;  WTD;  CFO; and  Such other officer as may be prescribed [Section 51]
    14. 14. APPOINTMENT OF WHOLE TIME KMP Companies Act, 1956 Companies Act, 2013 Public Company having paid-up capital of Rs.5 Crore or more to have WTD or MD And Company Secretary Every Company belonging to class or classes of companies as may be prescribed shall have KMPs – MD or CEO or Manager and in absence of a WTD – Company Secretary – Chief Financial Officer (Sec. 269) (Section 203)
    15. 15. DIVIDEND TRANSFER TO RESERVES Companies Act 1956 Companies Act 2013 No Dividend can be declared more than 10% for any F.Y out of the profits of the company for that F.Y, except after the transfer of profit to the reserves such portion of profits of the company for that F.Y, not exceeding 10% of its profits. A company to transfer voluntarily a portion of its profits to the reserves as consider appropriate, before declaration of any dividend. Mandatory transfer to reserve done away. [section 205A(3)] [Section 123 (1)]
    16. 16. REGISTERED VALUER Companies Act 1956 Companies Act 2013 No provision provided for registered valuer. When valuation is required to be made under the Act, in respect of any property, stocks, shares, debentures, securities or goodwill or other assets or net worth of company or its liabilities, such valuation shall be done by a registered valuer. [Section 247] The Central Government shall maintain a register of valuers.
    17. 17. CHANGES REGARDING ISSUE OF SHARES CAPITAL Sr No Particular Provisions under Companies Act 1956 Provisions under Companies Act 2013 1 Issue of Shares at a discount Section 79 permits issue of shares at discount subject to compliance with conditions. Shares, other than sweat equity shares, cannot be issued at a discount. 2 Issue of preference shares for more than 20 years Section 80 prohibits issueof irredeemable preference shares and preference shares Redeemable after 20 years. Preference shares have to be redeemed within 20 years of issue except for the shares issued for prescribed infrastructure projects, provided a certain percentage of shares are redeemed annually at the option of shareholders Continued……..
    18. 18. CONTINUED… Sr No Particular Provisions under Companies Act 1956 Provisions under Companies Act 2013 4 Notice of alteration of share capital Notice of redemption of preference shares is not required to be filed with ROC. Company shall file a notice in the prescribed form with the Registrar within a period of thirty days of redemption of redeemable preference shares. 5 Consolidation and division of shares Company permitted to consolidated or sub divide its shares by passing resolution in general meeting Consolidation and division which results in changes in the voting percentage of shareholders shall require approval of the Tribunal to be effective.
    19. 19. AUDIT AND AUDITORS
    20. 20. SCOPE OF AUDIT  Scope of auditor enhanced to report on additional matters such as : ‒the existence and operating effectiveness of internal financial controls ‒any qualification, reservation and adverse remark relating to the maintenance of accounts ‒any fraud by officers or employees on the Company (immediate reporting to CG): is being or has been committed  Does not provide for audit qualifications to be in thick/bold or italics
    21. 21. AUDITORS  Every company is required at its first annual general meeting (AGM) to appoint an individual or a firm as an auditor. The auditor shall hold office from the conclusion of that meeting till the conclusion of its 6th AGM and thereafter till the conclusion of every 6th meeting  The appointment of auditor is to be ratified at every AGM.  Individual Auditors are to be compulsorily rotated every 5 years and audit firm every 10 years in listed companies & certain other classes of companies, as may be prescribed.  Transition period of 3 years provided to the companies to comply with the mandatory rotation of auditor requirement. Continued…
    22. 22. Continued… • Internal audit may be made mandatory for prescribed companies. • Auditors are restricted from rendering other services like bookkeeping, accounting etc. directly or indirectly to the company or its holding company or subsidiary company. • The Act provides for new disqualifications of Auditor . • Auditors can audit maximum 20 Companies including Private companies .
    23. 23. Appointment of Auditor in unlisted companies Appointment Period of appointment At first AGM to hold office till conclusion of 6th AGM subject to ratification by members at every AGM Subsequent to hold office till conclusion of 6th meeting, subject to ratification by members at every AGM Appointment of Auditor in listed and specified class of companies Appointment Maximum period of appointment Of an individual as an auditor 1 term of 5 consecutive years Of an audit firm as an auditor 2 terms of 5 consecutive years Cooling off period of 5 years before next appointment
    24. 24.  Every listed company shall form an Audit Committee.  The Audit Committee shall consist of minimum of three directors with independent directors forming majority.  Provided that majority of members including the Chairperson shall be persons with ability to read and understand the financial statements. Continued…
    25. 25. Summary Appointment or Reappointment Of Auditor Individual as an Auditor More than 5 Consecutive years Audit Firm More than 10 Consecutive years
    26. 26. NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)  NFRA to be constituted by CG to provide for dealing with matters relating to accounting and auditing policies and standards to be followed by companies and their auditors.  Functions of NFRA shall include :  Make recommendations to CG on the formulation of accounting and auditing policies and standards;  Monitor and enforce compliance with accounting and auditing standards;  Oversee the quality of service of the professions and suggest measures required for improvement in quality of services and such other related matters as may be prescribed
    27. 27. SECRETARIAL STANDARDS • For the first time, the Secretarial Standards has been introduced and provided statutory recognition. • Clause 118(10) read as: Every company shall observe Secretarial Standards with General and Board meetings specified by ICSI. • Clause 205 casts duty on the Company Secretary to ensure that the company complies with applicable Secretarial Standards. • It is the beginning of a new era where non financial standards have been given importance statutory recognition besides financial standards
    28. 28. APPOINTMENT OF COMPANY SECRETARY  CS being a whole-time KMP is to be appointed by a resolution of the BOD which will also contain the terms and conditions of appointment including the remuneration. The functions of CS shall include – report to BOD about compliance with the provisions of 2013 Act, the rules made there under and other laws applicable to the company; – ensure compliance with the applicable secretarial standards as may be approved by CG; and – discharge such other prescribed duties.
    29. 29.  In December 2008, the Ministry of Corporate Affairs introduced Voluntary Guidelines on Corporate Governance which inter-alia prescribed Secretarial Audit.  Now, for the first time Secretarial Audit as been included in the Act.  Secretarial audit by CS in practice made compulsory for listed and prescribed class of companies.  Every listed company and prescribed class of companies shall annex with it’s Board Report a Secretarial Audit Report given by a Company Secretary in practice, in such a form as may be prescribed. SECRETARIAL AUDIT
    30. 30. CHANGES REGARDING DIRECTORS AND THEIR POWERS  In listed and prescribed class or classes of companies, there should be at least 1 woman director.  At least 1 director of a company shall be a person who has stayed in India for 182 days or more in the previous calendar year. Existing companies to comply with this provision within 1 year from the date of commencement of the 2013 Act. Continued…
    31. 31. Continued…  The maximum limit of directors in the Company has been increased to 15 from the 12. Company can appoint more than 15 directors by passing an special resolution.  A person cannot become directors in more than 20 companies instead of 15 as provided in the Companies Act 1956 and out of this 20, he cannot be director of more than 10 public companies.  Contents of Directors’ Report elaborated. Directors to annually report on the existence and effective operations of systems on compliance with all applicable laws
    32. 32. INDEPENDENT DIRECTOR Continued…  Listed co. and prescribed class of public co. to have at least 1/3rd of its total number of directors as IDs  CG may prescribe minimum number of IDs in case of any class of public companies.  This requirement is to be complied within 1 year:  By existing listed companies from the commencement of 2013 Act; and  By the prescribed class of public companies from the date Rules are notified.  The company and independent director are required to abide by the provisions specified in Schedule IV.
    33. 33. Continued..  The company and independent director are required to comply with the provisions specified in Schedule IV.  An independent director shall hold office for a term up to five consecutive years on the Board of a company, but shall be eligible for re- appointment on passing of a special resolution by the company for another 5 year term. Thereafter 3 years gap.  The Section seeks to provide that an independent director shall not be entitled to any remuneration, other than sitting fee, reimbursement of expenses for participation in Board meeting and profit related commission as approved by the members.  A person cannot be a director, including alternate director, in more than 20 companies including not more than 10 public companies.
    34. 34. RESIGNATION OF DIRECTORS
    35. 35. NOMINATION AND REMUNERATION COMMITTEE (NRC) Companies Act, 1956 Companies Act, 2013 No provision Mandatory in case of listed and other prescribed classes of companies Governed by Section 49 of listing agreement Composition of the committee would include three or more non-executive directors of which at least one-half shall be Independent directors. Shall formulate the criteria for determining Qualifications, positive attributes and independence for a director Shall recommend to the Board a policy, relating to the remuneration for the directors, key managerial personnel and other employees (Section 178)
    36. 36. Corporate Social Responsibility (CSR)
    37. 37. CSR…  Every company having Net worth of Rupees 500 Crore or more, or Turnover of Rupees 1,000 Cr or more, or Net profits of Rupees 5 Cr or more during any FY shall constitute CSR Committee.  Committee to consist of at least three directors out of which at least one should be independent director.  CSR Committee shall formulate and recommend policy to Board, which shall indicate activities to be undertaken by the company. Continued...
    38. 38. Continued…  Board to ensure that at least 2% of the average net profits of last 3 years is spent by the company on CSR activities (Specified in schedule VII) every financial year.  If company fails to spend such amount, reasons for not spending to be specified in the Board's report signed by a director and the company secretary, or where there is no company secretary, by a company secretary in practice.
    39. 39. RESTRICTION ON FURTHER BUYBACK OF SHARES  Whether Authorised by Board or Shareholders , No further offer for buy- back shall be made within a period of One year from the date of preceding buy-back.
    40. 40. MERGERS & ACQUISITIONS • Merger of Indian company with a foreign company allowed. • Fast track merger for small companies and between holding company and its wholly owned subsidiary introduced • Any valuation of shares / assets etc. required under 2013 Act to be performed by a Registered Valuer.
    41. 41. NATIONAL COMPANY LAW TRIBUNAL (NCLT)  2013 Act replaces the High Court with a Tribunal to be known as NCLT, which will consists of Judicial and Technical members, as Central Government may deem necessary, to exercise and discharge the powers and functions conferred including approval of merger, corporate reorganization, capital reduction, extension of financial year etc.
    42. 42. RELATED PARTY TRANSACTIONS  Requirement of obtaining Central Government approval for related party transactions not required  Approval of related party transactions by Board of Directors at Board meeting made mandatory  Related party transactions to also require prior shareholder’s approval by special resolution for companies having prescribed paid up capital or transactions exceeding prescribed amounts.  Related party transactions to be disclosed in the Director’s Report along with justification thereof.
    43. 43. COMMITTEES OF THE BOARD Following committees of the Board made mandatory for listed and prescribed classes of companies: – Audit committee – Stakeholder relationship committee – Nomination and Remuneration committee – Corporate Social Responsibility committee
    44. 44. LOAN TO DIRECTORS  No company shall directly or indirectly advance any loan (including loan represented by a book debt) or give guarantee or provide security in connection with such loan to any director / related persons. - An exception to the above rule is made for MD or a whole time director (WTD) if such loan is in accordance with the terms of services extended to all employees or is approved by shareholders by special resolution  Provisions for loan to directors are also applicable to private companies
    45. 45. WINDING UP OF A COMPANY  Certain criteria for winding-up by NCLT deleted like minimum number of members falling below prescribed limit, non- commencement of business for 1 year etc.  Additional grounds provided for winding-up.  Winding up can be ordered if NCLT is of the opinion that: – affairs of the company have been conducted in a fraudulent manner; – company was formed for fraudulent and unlawful purpose; – the persons concerned in the formation or management of its affairs have been guilty of fraud, misfeasance or misconduct in connection therewith.
    46. 46. MISCELLANEOUS  Inability to pay debts will be considered as criteria for determining a sick company  Central Government to establish Serious fraud investigation office for investigation of frauds relating to a company  Credit rating made mandatory for acceptance of public deposits  Time gap between 2 buy-backs shall be minimum 1 year.  Now all types of charge would be required to be registered,.
    47. 47. PROVISIONS CITED IN COMPANIES ACT- 2013 FOR BETTER GOVERNANCE  New Provisions for Better Governance:  Requirement to constitute Remuneration and Nomination Committee and Stakeholders.  Grievances Committee.  Granting of More powers to Audit Committee.  Specific Section pertaining to duties of directors.  Mode of appointment of Independent Directors and their tenure.  Code of Conduct for Independent Directors.  Rotation of Auditors and restriction on Auditor's for providing non-audit services.  Enhancement of liability of Auditors.
    48. 48. Why worry and have wrinkles When you can smile and have Than k You..
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×