Lok Sabha passes 72 changes to the Companies Act to decriminalize certain offenses
The Lok Sabha on Saturday (September 19, 2020) passed the Companies (Amendment) Act, 2020 bill that seeks 72 changes to decriminalise certain offences under the Companies Act, 2013, in case of defaults but not involving frauds. “There are 48 sections we have amended to decriminalize them and 17 sections have been amended to improve the…