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Companies Act Amended – Further Advances In The Ease Of Doing Business - Corporate/Commercial Law


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There has been a debate about building into statutes,
criminal liability for acts that are civil in nature. Hence, for
Companies Act, certain amendments are proposed to be made that will
correct this.
1
The views expressed in this excerpt from India s 2020-2021
Union Budget Speech have been incorporated in the Ministry of
Corporate Affairs (
MCA ) 2020
amendment to the Companies Act, 2013. The MCA has facilitated the
ease of doing business in India by introducing significant
compliance and other relaxations to companies, as well as to their ....

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Key takeaways from Companies (Amendment) Act

The Companies (Amendment) Act recently entered into force and aims to decriminalise minor, technical and procedural non-compliance based on the nature and gravity of such offences, thereby facilitating and promoting the ease of doing business and further facilitating the ease of living for law-abiding corporates in India. ....

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