The government withdrew the Companies Bill and Pension Fund Regulatory and Development Authority Bill on Wednesday after the BJP opposed the first and coalition ally Trinamool Congress withdrew its support for the other.

The BJP leaders also argued that since the government had consulted other stakeholders after the standing committee gave its report on the Companies Bill in August 2010, it should be sent back to the committee again. Despite the seeming setback, the Companies Bill is unlikely to face major obstacles or delays, with the standing committee likely to take it up on January 6. Officials expect it to be presented in Parliament in the budget session.

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Category : Company Law (3348)
Type : Featured (4135) News (12471)
Tags : Companies Act (1817)

0 responses to “Government withdaws Companies Bill, 2011”

  1. SUSANT SAHOO says:

    i think this is not proper way to withdraw COMPANY BILL ACT

  2. vswami says:

    To repeat, and reinstate, one’s strong reaction:
    This calls for INTROSPECTION, an incisive one at that, on certain IMPONDERABLE but inescapable/irreversible facts of life: 1. No man (human being) , by any standard, can ever be truly believed , much less, said or wished to be profoundly ‘PERFECT’ , in a wholesome manner. Should that be so, how could any ‘man made law’ (as opposed to the “LAW OF NATURE”) , so also a strict obedience thereto, be believed or expected to be any different or otherwise ?2. In the face of the undeniably subsisting / enduring total absence of ‘standards of MATURE PUBLIC CONDUCT”, does not the practical solution simply lie, – especially in order to make some headway and to take forward any such matter of ‘ public policy’ (law on corporate) – in following the principle of – “OPTIMISM OF THE WILL AND PESSIMISM OF THE INTELLIGENCE” , in preference to just the reverse of it (!) ?On the aspect of ‘Obedience to the unenforceable’ , to re-quote a quote , considered worthwhile for its underlined practical wisdom :QSir Thomas Taylor of Aberdeen University summed up the position… beyond the sphere of duty which is legally enforceable there is a vast range of significant behaviour in which the law does not and ought not to intervene. This feeling of OBEDIENCE TO THE UNENFORCEABLE is the very opposite of the attitude that whatever is technically possible is allowable. This power of self-discipline is the very opposite of the fatal ignorance, which asserts, whether in government, …. or personal behaviour , that whatever is technically possible is licit. All through history, men have needed to preserve them from the temper which hardens the heart ad perverts the understanding.UQ(borrowed from a public address by the greatest thinker of all, late N A Palkhivala in 1980)One keeps wondering whether there could at all be a better way of ‘calling a spade a spade’ ; so as to drive home the truth as to what is THE fact of life, more sincerely and intelligently than done by NAP !

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