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CONCEPT PAPER ON INDIA'S COMPANIES ACT OVERHAUL THIS WEEK.
NEW DELHI, Aug 2 Asia Pulse - In a bid to attune the Companies Act to the liberalised Indian economy, the government would float this week a concept paper to take suggestions from the industry and other interested parties.
"The existing Companies Act, drafted in 1956, is one of the biggest Acts in the world with about 800 provisions. It contains several outdated clauses and the government wants to cut them by about a third in order to make it simple and more tuned to present day realities and requirements," an official of the ...
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Source: HighBeam Research, CONCEPT PAPER ON INDIA'S COMPANIES ACT OVERHAUL THIS WEEK.