Live
- Hyundai Motor India Limited Announces 2024 Edition of ‘Hyundai Always Around’ Campaign
- World Quality Day: Hindustan Zinc Reaffirms Commitment to Superior Product Quality & Innovation
- Samsung TV Plus Announces the Launch of Four New FAST Channels From Viacom18 Exclusively on Samsung Smart TVs
- Arun Pandey 3.0 set to revolutionise lottery industry with Great Goa Games (GGG)
- How Organisations Can Support Mobile Workforces with Diabetes - From Prevention to Management
- Google Rolls Out Real-Time Spam Detection Feature for Pixel Users
- Marriott international and Samhi hotels announce strategic expansion, sign agreement to open three more properties in india
- Telangana Group-4 Results Declared: 8,084 Candidates Selected for 8,180 Posts
- 2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study
- LG LAUNCHES NEW XBOOM SERIES, WITH POWERFUL SOUND WITH PORTABILITY AND STYLE
Companies (Amendment) Bill 2018 introduced in Lok Sabha
The Companies Amendment Bill, 2018 was introduced in the Lok Sabha amid din on ThursdayFinance Minister Arun Jaitley introduced the Bill when the House reassembled at noon after the first adjournment
New delhi: The Companies (Amendment) Bill, 2018 was introduced in the Lok Sabha amid din on Thursday.
Finance Minister Arun Jaitley introduced the Bill when the House reassembled at noon after the first adjournment.
The Bill was necessitated as the Companies (Amendment) Ordinance, 2018 was promulgated on November 2, 2018. It amends several provisions in the Companies Act, 2013 relating to penalties among others.
It is based on the recommendations of a government-appointed committee to review offences under the Companies Act, 2013 in order to promote Ease of Doing Business along with better corporate compliance.
A total of 16 types of corporate offences have been shifted from special courts to in-house adjudication, increasing the scope of in-house assessment from 18 to 34 Sections of the Act.
The Bill also calls for instituting a transparent and technology-driven in-house adjudication mechanism on an online platform and publication of the orders on the website.
