Cabinet Clears Decriminalisation Of Companies Act: Nirmala Sitharaman

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved 72 changes in the Companies Act, 2013 aimed at decriminalising offences, Finance and Corporate Affairs Minister Nirmala Sitharaman said. The move was in line with the government's intent of making it easier to do business in the country, at a time when the economy stares at the slowest annual pace of expansion since the 2008-09 global financial crisis.

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