Diabytes
Companies Amendment Bill News
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Finance and Corporate Affairs Minister Nirmala Sitharaman said the draft law will also ensure more accountability and better enforcement to strengthen the corporate governance norms.
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The Bill seeking to make further amendments to the Companies Act has been referred to the Parliamentary Standing Committee, which is expected to prepare its report within three months.
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Government's attempt to pass the Companies (Amendment) Bill, 2014 in Rajya Sabha today was scuttled after opposition members from various parties pressed for putting it off for Wednesday.
Within months of the new Companies Act coming into force, the government on Tuesday cleared a slew of changes to this law to make it easier for corporates to do business and to ensure severe punishment for those raising illegal deposits from the public.
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