The Companies (Amendment) Bill, 2016 (‘Bill’) was introduced in the Lok Sabha on March 16, 2016, to amend the Companies Act, 2013 (‘Companies Act’), pursuant to the recommenda- tions of the Companies Law Committee in its report dated February 1, 2016. In order to give ef- fect to the proposed amendments, modifications will also be required to be made to the extant rules framed under the Companies Act.
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