Press Information Bureau

Government of India

Ministry of Corporate Affairs

30-November-2012 18:47 IST

The suggestions made by Securities and Exchange Board of India (SEBI), through Ministry of Finance, during drafting of the Companies Bill, 2011, with regard to issues relating to regulatory harmony, were duly considered and incorporated therein. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Companies Bill, 2011 has been introduced in the Lok Sabha on 14/12/2011 and is under consideration.

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KKP

 

Regulatory harmony: drafting suggestions incorporated into corporate law bill, aligning securities and company law while bill remains under consideration. Suggestions from the securities regulator, transmitted through the central finance ministry during drafting, were considered and incorporated into the Companies Bill to align securities regulation and company law; the Bill has been introduced in the lower house and remains under legislative consideration.