The Rajya Sabha passed the Companies (Amendment) Bill, 2017 by a voice
vote. It was adopted by the Lok Sabha in July this year during the
monsoon session.
A bill to amend the companies law to strengthen corporate governance
standards, initiate strict action against defaulting companies and help
improve ease of doing business in the country, was passed by parliament
on Tuesday. The Rajya Sabha passed the Companies (Amendment)
Bill, 2017 by a voice vote. It was adopted by the Lok Sabha in July this
year during the monsoon session.
Replying to issues raised by the
members during a discussion on the bill, minister of state for corporate
affairs P.P. Chaudhary said the amendment would ensure better corporate
governance and improve the ease of doing business in the country