<h1>India's Companies Bill 2012 Aims for Faster Registration, E-Governance, and Streamlined Mergers to Boost Business Climate.</h1> A committee led by Sh. M. Damodaran was established to examine financial and governance reforms, aiming to improve India's business climate. The committee is expected to submit its report soon. The Minister of Corporate Affairs informed the Lok Sabha that the Companies Bill, 2012, includes provisions to enhance business operations: faster company registration via an electronic registry, e-governance for records and meetings, self-regulation with transparency, recognition of One Person and Small Companies, expedited mergers and acquisitions, timely approvals through the National Company Law Tribunal, and a summary liquidation process for certain companies.