Lok Sabha approved company amendment bill – Lok Sabha approved company amendment bill

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The Lok Sabha approved the 'Companies (Amendment) Bill-2020'.

new Delhi:

The Lok Sabha on Saturday approved the 'Companies (Amendment) Bill-2020', under which some crimes have been excluded from the category of economic offenses. While replying to the discussion on the Bill, Finance Minister Nirmala Sitharaman made it clear that serious types of crimes will continue in the category of economic crime as before.

Sitharaman said that not only big companies but small companies are also under the purview of this act.
He said that 'non-compoundable' offenses are not excluded from the category of economic crime. The number of such crimes was 35 and will remain the same today.

Initiating the discussion on the Companies (Amendment) Bill -2020, Congress leader Manish Tiwari alleged that help is being provided to the suit-booters rather than the poor in the Corona crisis. This proves that the priorities of this government are not for the last man in the queue, but for the capitalists.

He said that the purpose of this bill and the agricultural bills passed by the Lok Sabha recently, is to invite big industrial houses to farming and farming. The Congress MP said that the government's intention is to weaken Corporate Social Responsibility (CSR).

He said that the fear created by the government that the economy got derailed due to it and now it will spoil the situation in the efforts which are trying to improve. Participating in the discussion, BJP MP Aparajita Sarangi said that through this bill, the government has proved that it takes effective steps even in difficult times.

He said that in the process of drafting the bill, detailed discussions were held with all concerned. Aparajita said that this amendment bill will promote business ease and will also increase investor confidence.

The BJP member said that through this bill, initiatives related to CSR will be strengthened. Saugata Roy of Trinamool Congress said that the government should ensure greater transparency in CSR. Kotagiri Sridhar of YSR Congress Party said that Andhra Pradesh should be provided with the amount of arrears.

Shiv Sena's Arvind Sawant said that the government should tell what is the result if such a huge investment has been made at the start-up.

BSP MP Malook Nagar said that the government has taken steps to promote business in the time of Corona crisis because people need jobs at this time. Congress's Gaurav Gogoi said that the government should ask how much facilities it will give to the corporate world. JDU's Dineshwar Kamat, BSP's Danish Ali and some other leaders participated in the discussion.

(This news has not been edited by the NewsBust team. It is published directly from the Syndicate feed.)

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