Economy

Companies Bill to soon go before the Cabinet: Khurshid

K. R. Srivats New Delhi | Updated on March 12, 2018 Published on October 11, 2011

The Union Cabinet will soon consider the Companies Bill for approval, the Union Law Minister, Mr Salman Khurshid, has said.

"It (Bill) has come to a final shape. It will come to Cabinet soon,” Mr Khurshid told Business Line here after the launch of 'Corporate Knowledge Foundation', a new body that would strive to be a knowledge companion for Corporate India.

He said that the administrative ministry concerned had moved a Cabinet note in this regard. India has been looking to enact a new company law for more than a decade now. The earlier attempts over the past 10 years had met with little success. The existing Companies Act was enacted in the year 1956.

Published on October 11, 2011
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