Parliament Monsoon Session Highlights: The Lok Sabha on Friday passed the Companies (Amendment) Bill, 2019, which was moved by Finance Minister Nirmala Sitharaman. The bill will amend the Companies Act, 2013 under which certain classes of public companies are required to issue shares in dematerialised form only. The Bill states this may be prescribed for other classes of unlisted companies as well, according to PRS Legislative.
Both the Lok Sabha and Rajya Sabha have been adjourned for the day. The proceedings of the Upper House and the Lower House will begin on Monday, July 29, at 11:00 am.
Earlier in the day, during the Zero Hour, members of Parliament demanded an apology from Samajwadi Party MP Azam Khan for his ‘sexist remark’ against Bihar MP Rama Devi. Condemning the remark, Finance Minister Nirmala said, “there is no democracy in the house if a man can get away for abusing a woman or judging her.” Law Minister Ravi Shankar Prasad too demanded an apology from Khan and said either he should tender an apology or he should be suspended from the House.