{"id":145841,"date":"2017-07-29T12:42:47","date_gmt":"2017-07-29T07:12:47","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=145841"},"modified":"2018-08-05T23:24:08","modified_gmt":"2018-08-05T17:54:08","slug":"lok-sabha-passes-the-companies-amendment-bill-2016","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/07\/29\/lok-sabha-passes-the-companies-amendment-bill-2016\/","title":{"rendered":"Lok Sabha passes the Companies Amendment Bill, 2016"},"content":{"rendered":"<p style=\"text-align: justify;\">The Lok Sabha has passed the Companies Amendment Bill, 2016 to amend the Companies Act, 2013, seeking to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve the ease of doing business in the country. The Bill, which was passed by a voice vote, provides for more than 40 amendments to the Companies Act, 2013. The Bill was introduced based on the suggestions received from various stakeholders on the Companies Law Committee Report, which was published in February 2016 suggesting certain reforms to the Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lok Sabha has passed the Companies Amendment Bill, 2016 to amend the Companies Act, 2013, seeking to strengthen corporate governance standards, <\/p>\n","protected":false},"author":91,"featured_media":108571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14,4],"tags":[],"class_list":["post-145841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-legislationupdates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lok Sabha 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Sabha passed &#8212; The Companies (Amendment) Bill, 2019 in order to amend the Companies Act, 2013","author":"Bhumika Indulia","date":"January 9, 2019","format":false,"excerpt":"The Companies (Amendment) Bill, 2019 was introduced in Lok Sabha on 20-12-2018 and passed on 04-01-2019. It shall be deemed to have come into force on the 2nd day of November, 2019. Following Sections have been introduced with amendments and insertions which are passed by Lok Sabha: Amendment of Sections\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":42121,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/06\/companies-amendment-bill-2016-introduced-in-lok-sabha\/","url_meta":{"origin":145841,"position":1},"title":"Companies (Amendment) Bill, 2016 introduced in Lok Sabha","author":"Sucheta","date":"April 6, 2016","format":false,"excerpt":"The Government of India introduced the Companies (Amendment) Bill, 2016 in the Lok Sabha on 16th March, 2016, which proposes to make several amendments to the existing Companies Act, 2013. The proposed Amendment bill attempts to adopt the recommendations advanced by the Companies Law Committee in its February, 2016 report.\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":7042,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/17\/the-public-premises-eviction-of-unauthorised-occupants-amendment-bill-2014\/","url_meta":{"origin":145841,"position":2},"title":"The Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2014","author":"Sucheta","date":"December 17, 2014","format":false,"excerpt":"On 15 December 2014, Lok Sabha passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2014. The objective of the Bill is to bring the properties of Delhi Metro Rail Corporation (DMRC) and other Metro Rails which may come up in future and also the properties of New Delhi\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":222768,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/03\/taxation-amendment-bill-2019-passed-by-lok-sabha-reduction-in-corporate-tax-rates\/","url_meta":{"origin":145841,"position":3},"title":"Lok Sabha clears passage for &#8212; Taxation Amendment Bill, 2019 ; Reduction in Corporate tax rates","author":"Bhumika Indulia","date":"December 3, 2019","format":false,"excerpt":"Lok Sabha passed the Taxation Amendment Bill, 2019 on Lok Sabha on 02-12-2019. Corporate Tax Rates slashed to be slashed to 22% for domestic companies and 15% for new domestic manufacturing companies, according to the said bill. List of amendments: Section 92 BA Section 115 BA Insertion of Sections 115\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":235819,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/09\/15\/lok-sabha-banking-regulation-amendment-bill-2020-read-how-the-bill-will-strengthen-the-co-operative-banks\/","url_meta":{"origin":145841,"position":4},"title":"Lok Sabha | Banking Regulation (Amendment) Bill, 2020: Read how the bill will strengthen the co-operative banks [Bill Passed]","author":"Bhumika Indulia","date":"September 15, 2020","format":false,"excerpt":"The Banking Regulation (Amendment) Bill, 2020 Which Act will the said bill amend? The Banking Regulation (Amendment) Bill, 2020 will amend the Banking Regulation Act, 1949 and the Act will be called the Banking Regulation (Amendment) Act, 2020. Why were amendments needed under the Banking Regulation Act, 1949? Certain amendments\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":113591,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/10\/lok-sabha-passes-maternity-benefit-amendment-bill-2016\/","url_meta":{"origin":145841,"position":5},"title":"Lok Sabha passes Maternity Benefit (Amendment) Bill, 2016\u00a0","author":"Saba","date":"March 10, 2017","format":false,"excerpt":"Lok Sabha has passed the Maternity Benefit (Amendment) Bill, 2016 on 9th March, 2017, which inter alia includes increasing the maternity benefits to woman covered under the Maternity Benefit Act, 1961.\u00a0The Bill seeks to amend the Maternity Benefit Act, 1961 to provide for the following: (i) Maternity leave available to\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/Maternity-leave_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/Maternity-leave_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/Maternity-leave_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/Maternity-leave_1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/Maternity-leave_1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/145841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=145841"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/145841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108571"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=145841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=145841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=145841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}