Parliament on Tuesday approved the Companies (Amendment) Bill, 2002 with Rajya Sabha returning it after Finance Minister Jaswant Singh assu...
Written by Press Trust Of India
New Delhi |
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Parliament on Tuesday approved the Companies (Amendment) Bill, 2002 with Rajya Sabha returning it after Finance Minister Jaswant Singh assured that a comprehensive legislation on the subject would be introduced in the budget session of Parliament.
Winding up debate on the Bill, Singh said it was aimed at reviving sick industries and not winding them up for which a revival fund would be created besides setting up of the National Law Tribunal. The Bill, incorporating most of the amendments suggested by the standing committee, was passed by a voice vote.
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