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De-criminalisation of penalties for company law breaches

February 5, 2020
Mr. Anurag Thakur in a written reply to a question in Rajya Sabha stated that company law committee has recommended amendments in the Companies Act, 2013 to remove criminality in case of procedural and technical defaults as well as defaults which can be determined objectively. Mr. Thakur stated a list of amendments the committee recommended in 43 penal provisions of the Companies Act, 2013.
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