Companies Amendment Bill

MCA finalises cabinet note; Bill to streamline rules, permit multi-disciplinary firms and widen NFRA's powers

The corporate affairs ministry will now notify separately when various provisions would be coming into force, according to an official

Several ecommerce and digital payments companies are looking for public listing over next two years

Around 48 sections of the Companies Act, 2013 are being amended to decriminalise various offences

The bill, passed on Saturday in the Lok Sabha, comes at a time when companies are reeling under stress due the coronavirus (Covid-19) pandemic

Listen to the podcast to know about the changes introduced in the Companies Act

The Lok Sabha on Saturday passed a Bill to further amend the Companies Act and decriminalise various non-compoundable offences, and to promote ease of doing business

To bring greater accountability and transparency, specific classes of unlisted companies have been proposed to prepare and file their periodical financial results

In ease of doing business push, 72 changes to companies law okayed

Currently, Indian companies tap foreign capital mostly through American depository receipts or global depository receipts

According to experts, there could be implementation challenges in the identification of an SBO, defining 'indirect shareholding' of an individual, and identifying 'majority stake'

The amendments in the Companies Act, she added, were aimed at improving ease of doing business and also reducing compliance burden on the companies, especially the smaller ones

Who will be affected the most by the Companies (Amendment) Bill once it receives the assent of the President of the country?

The bill provides for more than 40 amendments to the Companies Act, 2013, which was passed during the previous UPA regime