Govt’s switch on decriminalisation is welcome
Subject issues
Companies Act | Nirmala Sitharaman | Budget 2020
Whereas presenting the Union Budget for 2020-21 earlier this 365 days, Finance Minister Nirmala Sitharaman made the dedication that various offences below the Companies Act and utterly different laws might per chance presumably well well be decriminalised. The Division of Financial Companies and products has now sought public comment on its plans to commerce the medication of offences below 39 sections of 19 utterly different laws.
The root is to recount them into the enviornment of administrative adjudication. The threat of jail time can even be modified by fines. This follows up on actions of the Ministry of Corporate Affairs over the closing three years that made …
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First Published: Wed, June 10 2020. 23: 48 IST