Industry seeks changes to Companies Bill

NEW DELHI: As govt explores further decriminalisation of the Companies Act, the corporate sector has proposed changes to the amendment bill moved by the Centre, including those related to auditors. In a series of representations to the select committee looking at the amendments, a senior industry executive said: “Greater flexibility in areas such as the conduct of general meetings, updated thresholds for small companies and targeted rationalisation of compliance requirements would further strengthen the legislation and align it with the needs of a rapidly evolving corporate ecosystem.”

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