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This Article is From Aug 09, 2013

Companies Bill passed by Parliament: Who said what

Companies Bill passed by Parliament: Who said what
New Delhi:

Parliament on Thursday passed a new bill which is the first major overhaul of company law in more than 50 years. The legislation strengthens accounting standards and shareholder rights.


  • For the next two to three decades, this (new legislation) will bring positivity in the economy
    Sachin Pilot, Minister for Corporate Affairs 08/08/2013
  • This legislation is indeed a milestone in the history of company law and will revolutionise the administration and management of businesses in the times to come
    Naina Lal Kidwai, president, FICCI 08/08/2013
  • Now that the law is ready, it is time to focus and work on the practical aspects of complying with its provisions
    Chandrajit Banerjee, Director General, CII 08/08/2013
  • To face the corporate sector, it is a big challenge. I do not know whether his (the Corporate Affairs Minister's) party allows him to take this challenge
    D Raja, CPI leader 08/08/2013
  • The government should not create obstacles for growth of the industry in the name of regulating handful wrong-doers
    Ashok S Ganguly, Rajya Sabha mamber, Nominated 08/08/2013


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