Bill to ease business in India

New Delhi: The Rajya Sabha on Wednesday approved the Companies (Amendm-ent) Bill, 2014 by a voice vote. Finance minister Arun Jaitley assured the House that the law will be reviewed further by an expert committee to be set up shortly to see where the “shoe pinches”.

As many as 16 amendments were made to the Companies Act which deal with winding up of companies, board resolutions, bail provisions and utilisation of unclaimed dividends.