Cabinet approves bill to amend Companies Act, 2013

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.

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