The Union Cabinet on Friday approved the proposal to move amendments to the Companies Act, 2013, to make easier compliance of requirements and certain other provisions.
The Cabinet meeting was chaired by Prime Minister Narendra Modi, a cabinet communique said.
The Companies (Amendment) Bill, 2016 will be introduced in Parliament, the release added.
The Bill to amend the Act was introduced in the Lok Sabha by the government in March last year, after which it was referred to the Standing Committee on Finance for its opinion.
The panel submitted its report, along with the changes required in the proposed amendments, in December 2016.
--IANS
sk/nir/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app