Companies Act panel wants penalties cut, sections decriminalised

The company law committee has recommended a fresh overhaul of the Companies Act to ease filing and compliance requirements while proposing decriminalisation of several provisions and lower penalties for small companies and startups. The government is looking to speed up amendments with the corporate affairs ministry expected to move a bill in the current Parliament session.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CTrmli