The Companies (Amendment) Bill, 2019 was discussed and passed in Lok Sabha today. The Bill replaces an Ordinance that was introduced earlier this year. The Bill aims to tighten CSR compliance, transfer certain responsibilities to NCLT and re-categorise certain offences as civil offences.
The Bill was introduced in the Lower House yesterday. During the debate on this Bill, some members raised the opinion that they had received very little time to scrutinize the Bill.
Lok Sabha took up Private Members' Business after the passage of this Bill.
Rajya Sabha took up Private Members' Business today.