The Companies (Amendment) Bill, 2017

The enactment of the Companies Act, 2013 (the 'Companies Act, 2013' or the 'Act') was one of the most significant legal reforms in India in the recent past, that aimed at bringing the Indian company law in line with global standards. The Act introduced substantial changes in the company law in India, especially in relation to accountability, disclosures, investor protection and corporate governance. Given the extent and scope of changes, the stakeholders took some time to come to terms with the new regime and new provisions, and encountered some difficulties in the process. Several representations were made before the government on the practical challenges faced during implementation.