New rules for companies: Public comments to be sought

NEW DELHI; The government plans to adopt a transparent and interactive process to finalise a detailed set of rules to be adopted under the new Companies Bill, and will soon seek comments from India Inc and general public in this regard.

 

 

 

The new Companies Bill, which entails sweeping changes in the way the companies operate and are regulated in India, was passed by the Parliament earlier this month and is awaiting President's consent to become a law.

 

 

 

"While we wait for this new bill to be signed into a law, a process has already begun to frame the detailed subordinate rules and the same would be finalised in a very transparent manner and not through a bureaucratic exercise," Corporate Affairs Minister Sachin Pilot said..  DD NEWS