The report of Companies Law Committee (CLC) was submitted on 01/02/2016 vide which the Committee had suggested changes in 78 sections of Companies Act, 2013 not including the consequential amendments in other sections of the Act. The Government has accepted most of the recommendation of the Committee and accordingly, the Companies (Amendment) Bill, 2016, was introduced in the Lok Sabha on 16.03.2016.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

Companies law reform: Government accepts most CLC recommendations and introduces amendment bill to amend corporate regulatory framework The Companies Law Committee proposed amendments to seventy eight sections of the Companies Act; the Government accepted most recommendations and introduced the Companies (Amendment) Bill, 2016 in the Lok Sabha, with the Minister of Corporate Affairs reporting these developments in a written parliamentary reply.