The Govt. has introduced the Companies (Amendment) Bill 2020 in the Lok Sabha on March 17, 2020 with an objective to decriminalise various offences, to declog National Company Law Tribunal (NCLT) Act and to provide further ease of doing business for corporates. The Amendment Bill, 2020 proposes 72 changes to the Companies Act 2013. The amendment legislation was approved by the Union Cabinet on March 4, 2020
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