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TMI BlogCompanies Act.X X X X Extracts X X X X X X X X Extracts X X X X ..... Companies Act. X X X X Extracts X X X X X X X X Extracts X X X X ..... r of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to modernize the structure for corporate sector through enlightened regulation, a decision was taken to revise the existing Companies Act, 1956. On coming into force of the new Companies Bill, the exi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sting Companies Act, 1956 will be repealed. The Companies Bill, 2009 seeks to provide stricter provisions for more effective enforcement action against companies involved in fraud. Provisions like in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itiating investigation by Central Government suo moto, allowing search and seizure during investigation without obtaining an order from Special Court, provision for freezing of assets of a company und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er investigation on the order of Tribunal have been provided. Besides, the Bill emphasizes disclosures, deterrent penalties and has extensive enforcement provisions. The Minister was replying to a wr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itten question whether the Government proposes to repeal the Companies Act, 1956 by bringing in a new Companies Act and the extent to which the replacement of the Companies Act is likely to help in ch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecking frauds committed by companies against investors?
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