Apex industry body FICCI has appraised the Government on passage of the Companies (Amendment) Bill, 2014 in the Lok Sabha on Wednesday.
Lauding the Government’s commitment to the reform agenda, Sidharth Birla, President, FICCI said, “Industry is appreciative of the swift manner in which the Government is seeking to address the issues that have been raised by FICCI vis-à-vis implementation of the Companies Act, 2013.”
In the interest of facilitative regulatory climate in the country, FICCI hopes that the Bill would attain quick passage in the Rajya Sabha as well.
Commenting on development, Corporate Affairs Minister Arun Jaitley said in the Lok Sabha that the Companies Act needs to be amended to improve the business climate in the country. The amendments are being carried out after consultations with industry chambers and business organisations, Jaitley said.