Begin typing your search above and press return to search.
exit_to_app
access_time 11 July 2025 10:43 PM IST
access_time 11 July 2025 9:27 PM IST
access_time 26 May 2025 11:06 AM IST
access_time 22 Jan 2025 4:21 PM IST
exit_to_app
Posted On
date_range 31 July 2019 3:42 AM IST Updated On
date_range 31 July 2019 3:42 AM ISTParliament passes Companies Act (Amendment) Bill
text_fieldsbookmark_border
New Delhi: The Rajya Sabha on Tuesday passed a bill to amend the Companies Act that seeks to improve ease of doing business and reduce compliance burden on companies.
The Lok Sabha had passed the bill last week.
Union Finance Minister Nirmala Sitharaman moved the bill in the Upper House. The bill seeks to tighten Corporate Social Responsibility (CSR) norms, transfer certain responsibilities to the National Company Law Tribunal (NCLT) and classify certain offences as civil offences.
It also ensures stricter action for non-compliance of the company law.
Replying to the debate on the bill, Sitharaman said that government has de-registered 4 lakh shell companies.
Next Story