New Delhi, Nov 10 (PTI) The government today said the new Companies Bill, which seeks to replace a half-a-century old Act, will come up for consideration in the Budget session of Parliament.

"Not this session. Companies Bill 2009 will come next session," Corporate Affairs Minister Salman Khurshid said on the sidelines of a SKOCH event here when asked if the new Companies Bill will come up for consideration and passage in the ongoing Winter session.

The Companies Bill 2009, which lapsed with the dissolution of the 14th Lok Sabha, was reintroduced in the Lok Sabha in August last year. Subsequently, in August this year the Parliamentary Standing Committee on Finance gave its report after examining the provisions of the law.

"It's a huge report. We spent weeks reading it. We will have to see whatever standing committee has recommended, suggested finds its way in the bill.

 

Companies Bill misses deadline, will be tabled next session

New Delhi, Nov 10 (PTI) The government today said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year, in the Parliament's winter session.

Failing to meet the earlier deadline of tabling the Companies Bill 2009 in the winter session, Corporate Affairs Minister Salman Khurshid said the bill would now come in the budget session beginning February next year.

"Not this session. Companies bill will come next session," Khurshid said on the sidelines of a SKOCH event here.

Companies Bill 2009, which lapsed with the dissolution of the 14th Lok Sabha, was reintroduced in the Lok Sabha in August last year.

Subsequently, in August this year the Parliamentary Standing Committee on Finance gave its report after examining the provisions of the law.

"It's a huge report. We spent weeks reading it.

Companies law reform delayed, Bill to be tabled in next session after comprehensive parliamentary committee review. The government postponed parliamentary consideration of the Companies Bill 2009 to the Budget session; the Bill, reintroduced after lapsing with the prior Lok Sabha's dissolution, aims to replace the long standing companies statute and is under review following an extensive Parliamentary Standing Committee on Finance report whose recommendations the administration intends to consider before re tabling.