Key Points
New Delhi: The government is planning to introduce bills to amend the companies and insolvency laws during the monsoon session of Parliament, a senior official said on Thursday..
The corporate affairs ministry is implementing the Companies Act and the Insolvency and Bankruptcy Code (IBC)...
According to the official, amendments are being planned to the two laws, and bills in this regard are expected to be introduced in the monsoon session...
On January 18, the ministry proposed a raft of changes to the IBC, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface...
On April 3, Parliament cleared amendments to the Competition Act, and earlier this week, President Droupadi Murmu gave assent to the bill to amend the Act...
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