The Companies Act, 2013 (the Act) was enacted with a view to consolidate and amend the law relating to companies.<\/p>\n\n\n\n
\uf0b7 In order to review the existing provisions of the Act dealing with the offences and to make recommendations to promote better corporate compliance, the Government of India constituted a Committee in July, 2018. \uf0b7 The said Committee, after taking the views of several stakeholders, submitted its Report in August, 2018.<\/p>\n\n\n\n
\uf0b7 The Committee recommended that the existing rigour of the law should continue for serious offences, whereas the lapses that are essentially technical or procedural in nature may be shifted to in- house adjudication process<\/p>\n\n\n\n
\uf0b7 Accordingly, it was proposed to amend certain provisions of the Companies Act, 2013. <\/p>\n\n\n\n
\uf0b7 However, in view of the urgency, the Companies (Amendment) Ordinance, 2018 was promulgated on 2nd day ofNovember, 2018. <\/p>\n\n\n\n
\uf0b7 To replace the aforesaid Ordinance, a bill, namely, the Companies (Amendment) Bill, 2018 was introduced in the Lok Sabha and passed in the said House on the 4th day of January, 2019. <\/p>\n\n\n\n
\uf0b7 However, the saidBill could not be taken up for consideration in the Rajya Sabha. <\/p>\n\n\n\n
\uf0b7 In order to give continued effect to the Companies (Amendment) O r d i n a n c e , 2018, the President promulgated the Companies (Amendment) Ordinance, 2019 and the Companies (Amendment) Second Ordinance, 2019 on the 12th day of January, 2019 and the 21stday of February, 2019 respectively. <\/p>\n\n\n\n
\uf0b7 The Companies (Amendment) Bill, 2019 was passed by the Rajya Sabha on the 30th day of July, 2019 and by Lok Sabha on the 27th day of July, 2019. <\/p>\n\n\n\n
The Companies Act, 2013 (the Act) was enacted with a view to consolidate and amend the law relating to companies. \uf0b7 In order to review the existing provisions of the Act dealing with the offences and to make recommendations to promote better corporate compliance, the Government of India constituted a Committee in July, 2018. \uf0b7 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[18],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"User Collaborator","author_link":"https:\/\/dahotreca.com\/?author=3"},"rttpg_comment":0,"rttpg_category":"Registrar of companies<\/a>","rttpg_excerpt":"The Companies Act, 2013 (the Act) was enacted with a view to consolidate and amend the law relating to companies. \uf0b7 In order to review the existing provisions of the Act dealing with the offences and to make recommendations to promote better corporate compliance, the Government of India constituted a Committee in July, 2018. \uf0b7…","_links":{"self":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/1589"}],"collection":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1589"}],"version-history":[{"count":1,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/1589\/revisions"}],"predecessor-version":[{"id":1591,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/1589\/revisions\/1591"}],"wp:attachment":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}