The bill would replace an ordinance promulgated earlier this year.
Information & Broadcasting Minister Prakash Javadekar told reporters that it will help companies bring the public issue in less time & benefit law-abiding corporates.
Officials said the proposed amendments would lead to de-clogging of National Company Law Tribunal & special courts, strengthening corporate governance standards, strengthening of enforcement with a focus on serious cases of violation & to ease of doing business.
