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Laws and order

Decriminalisation will improve business environment

private equity, PE, investors, investments, companies, firms, VC
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Business Standard Editorial Comment Mumbai
The introduction of an omnibus Bill to decriminalise minor offences, amending 183 provisions across 42 Act administered by 19 ministries, is being positioned as a means of improving the ease of doing business climate and unclogging the judicial system. It represents a continuum of the Narendra Modi government’s focus since 2014, with the Companies Act 2013 undergoing a thorough review to identify minor offences that attracted criminal liabilities. The exercise either changed the nature of the offence to a civil wrong or certain offences were omitted from the statute book altogether. Overall, the number of penal provisions was reduced from

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