Corporate Legal Developments Newsletter

2/24/2020 0:00 News & Articles

This newsletter aims to briefly discuss the key developments during the period of November 01, 2019 – January 15, 2020.

1. Decriminalization of offences under Companies Act, 2013

As provided in our September edition Newsletter, a Company Law Committee (“Committee”) was constituted by the Ministry of Corporate Affairs (“MCA”) on September 18, 2019, inter alia, to further decriminalise the provisions of the Companies Act based on their gravity and to take other related measures to provide further Ease of Living for corporates in the country, which provided a report on November 14, 2019, to rationalize the penalties…


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