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ARTICLE · 22 AUGUST 2017

The Companies (Amendment) Bill, 2016 - Key Features

Singhania & Partners LLP
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With a focus to ease doing business in India, the Government of India through this Bill addresses inconsistencies and procedural restrictions in the present Companies Act, 2013.

IndiaCorporate/Commercial Law
Ravi Singhania
Ravi Singhania
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With a focus to ease doing business in India, the Government of India through this Bill addresses inconsistencies and procedural restrictions in the present Companies Act, 2013. Considering the changes the Bill propose to bring about, it can be clearly said that there will be a sea change in the present Act which will boost economic growth and upheave foreign investment in India.

INTRODUCTION

In order to facilitate ease of doing business in India, the Lok Sabha on 27th July, 2017 passed The Companies (Amendment) Bill, 2016 ("Bill") thereby bringing change to the present Companies Act, 2013 ("Act") with respect to structuring, disclosure and compliance requirements for the companies.

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