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ARTICLE · 04 JANUARY 2017

Bills That We Look Forward To

S.S. Rana & Co.
S.S. Rana & Co.
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2016 had witnessed a lot of laws being passed, from laws on real estate to bankruptcy, there have been striking reforms in the financial, corporate, and legal sector to reduce uncertainty...

IndiaCorporate/Commercial Law
Bijit Das
Bijit Das
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2016 had witnessed a lot of laws being passed, from laws on real estate to bankruptcy, there have been striking reforms in the financial, corporate, and legal sector to reduce uncertainty relating to several problems in law that have emerged with the passage of time. Out of the several pending Bills, we look forward to passing of the following:

The Companies (Amendment) Bill, 2016

This Bill amending certain provisions of the Companies Act, 2013 was introduced in Lok Sabha in March 2016 on recommendations from the Companies Law Committee. This Bill was thereafter referred to the Standing Committee on Finance for deliberation. Broadly this proposed amendment relates to structuring, disclosures, and compliance requirement for companies. Three years since the passing of the Companies Act 2013 it has faced several revisions time and again. The 2016 Amendment proposes to further revise and liberalize the requirements for conducting business.

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