The Lok Sabha on Friday passed the Bill to amend the Companies Act 2013 with Finance Minister Nirmala Sitharaman saying that the government has de-registered nearly four lakh inactive companies.

Lok Sabha passes bill to amend Companies Act; Sitharaman says 4 lakh companies de-registered

The bill intends to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve ease of doing business

Parliament passes Companies (Amendment) Bill, 2017

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Lok Sabha passes bill to amend Companies Act; Sitharaman says 4 lakh companies de-registered

Parliament passes Companies (Amendment) Bill, 2017