Highlights of Companies (Amendment) Bill 2014

Preface

Based on the suggestions and recommendations from various bodies including industry - people, professionals and other experts, Ministry of Corporate Affairs has incorporated some of them by introducing the Companies (Amendment) Bill 2014 in lower house of Parliament. Companies (Amendment) Bill 2014 was placed and passed in Lok Sabha by Hon‘ble Finance Minister on 8th December 2014 and 17 December 2014 respectively. It is pending approval by Rajya Sabha. However, it seems that more amendments in the Companies Act, 2013 will be required in future to overcome practical difficulties and creating a path for ease of doing business in India.

Comparative analysis of proposed amendments

For ease of understanding, the amendments in Companies (Amendment) Bill 2014 has been tabulated as below for reference –

TOUCH POINTS

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