Government to decriminalise two thirds of offences under Companies Act, says report
Updated : October 14, 2019 09:24 AM IST
The Union government is all set to do away with jail term in over 40 of the 66 sections under the Companies Act 2013.
The government is looking to introduce a bill to amendment the law in the upcoming winter session of the parliament.
The new amendments will allow companies and their executives to avoid persecution or jail term by paying up penalties.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more