{"id":226518,"date":"2020-03-04T17:00:35","date_gmt":"2020-03-04T11:30:35","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=226518"},"modified":"2020-03-05T13:49:13","modified_gmt":"2020-03-05T08:19:13","slug":"cabinet-approves-companies-second-amendment-bill-2019","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/04\/cabinet-approves-companies-second-amendment-bill-2019\/","title":{"rendered":"Cabinet approves &#8212; Companies (Second Amendment) Bill, 2019; would enable listing of Indian companies on stock exchanges in foreign jurisdictions"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #0000ff;\"><strong>The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The Bill would remove criminality under the Act in case of defaults which can be determined objectively and which, otherwise, lack the element of fraud or do not involve larger public interest.\u00a0 This would also lead to further de-clogging of the criminal justice system in the country.\u00a0 The Bill would also further ease of living for law-abiding corporates.<\/p>\n<p style=\"text-align: justify;\">Earlier, the Companies (Amendment) Act, 2015 amended certain provisions of the Act to remove difficulties faced in the implementation of various provisions of the Act.<\/p>\n<hr \/>\n<p><strong>[Source: PIB]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 04-03-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Bill would remove criminality <\/p>\n","protected":false},"author":8808,"featured_media":209514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29535,4],"tags":[39862],"class_list":["post-226518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet_decisions","category-legislationupdates","tag-companies-second-amendment-bill-2019"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet approves -- Companies (Second Amendment) Bill, 2019; would enable listing of Indian companies on stock exchanges in foreign jurisdictions | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/04\/cabinet-approves-companies-second-amendment-bill-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves -- Companies (Second Amendment) Bill, 2019; would enable listing of Indian companies on stock exchanges in foreign jurisdictions\" \/>\n<meta property=\"og:description\" content=\"The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. 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