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Rajya Sabha passes the Companies (Amendment) Bill 2020

The Rajya&nbsp;Sabha&nbsp;has passed the Companies (Amendment)&nbsp;Bill 2020, aimed to decriminalise various compoundable offences as well as promote ease of doing business

The Rajya&nbsp;Sabha on Tuesday passed the Companies (Amendment)&nbsp;Bill 2020 to further revise the Companies Act and decriminalise various compoundable offences as well as promote ease of doing business in the country.
The Lok Sabha had given its approval to the bill on September 19.
The Companies (Amendment) Bill, 2020 seeks to decriminalise various penal provisions, permit direct overseas listing of Indian corporates and introduce a new chapter related to producer organisations in the legislation.
Around 48 sections of the Companies Act, 2013 are being amended to decriminalise various offences.

Govt presents IBC (Second Amendment) Bill 2020 in Rajya Sabha

Finance Minister Nirmala Sitharaman&nbsp;introduced IBC&nbsp;(Second Amendment) Bill 2020 in Rajya&nbsp;Sabha&nbsp;to replace the IBC&nbsp;Ordinance which prohibited&nbsp;insolvency proceedings&nbsp;

Finance Minister Nirmala Sitharaman&nbsp;on Tuesday introduced the Insolvency and Bankruptcy Code (Second Amendment) Bill 2020 in Rajya&nbsp;Sabha.
This bill will replace&nbsp;the ordinance which was promulgated on June 5 this year to prohibit the initiation of insolvency proceedings arising during the six months from March 25, 2020. The Ordinance came as a response to the Covid-19 pandemic, which had created uncertainty and stress for businesses for reasons beyond their control.
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