The new companies Bill, pending approval of the Parliamentary standing committee, is expected to be tabled in Parliament by this year-end, corporate affairs secretary R Bandyopadhyay said here today. “The committee will submit its report soon. The corporate affairs ministry will take some time (two-three months to study it) and we are hopeful that we will have a new Act by the year-end,” Bandyopadhyay told reporters on the sidelines of an event here.

Against the backdrop of the Satyam scam, the government geared up to frame a new legislation to address the regulatory loopholes in the existing Companies Act.

“The new Bill will also address several investor concerns, including creating a framework to empower them,” Bandyopadhyay said, adding the ministry is starting an investor awareness scheme under which over 3,000 workshops will be conducted across the country.

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Category : Company Law (4045)
Type : News (13854)
Tags : Companies Act 2013 (2281)

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