Key proposals of Companies Amendment Bill 2020 include decriminalising offences, direct overseas listing and more
- The monsoon session of the Indian Parliament is all set to begin on September 14, with over 20 bills on the agenda for discussion.
- Amongst the key ones is the Companies (Amendment) Bill, 2020.
- Some of the major highlights of the Bill include the decriminalization of minor offences and direct overseas listing for certain prescribed classes of companies.
- The government has also proposed an evolved CSR policy, allowing companies to carry forward excess CSR spendings to future financial years.
- Check out the latest news and updates on Business Insider.
In March 2020, the Indian government introduced the Companies (Amendment) Bill, 2020, recommending further measures aimed at improving the ease of doing business. Key amongst its recommendations include aspects like decriminalizing minor offences, allowing companies to list overseas directly, and more.
With the monsoon session of the Indian Parliament all set to begin on Monday, September 14, we took a look