We all well aware that there are demands from various quarters - TopicsExpress

We all well aware that there are demands from various quarters seeking relaxations and possible changes in the Companies Act, 2013, many of whose provisions came into force from April 1.Noting that the new Act has led to a lot of confusion, Sitharaman said there is a perception that it is too much of a management problem, a diligence problem and a reporting problem. In view of the foregoing, amendment to Companies Act and Rules made thereunder are imminent.If India fails to do, it will open Floodgate of corporate litigations, Mahabharat will re-open and corporates will face Abhimanyu type of situations. Hope a popular elected Government must take an immediate review of the same to render Justice.

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