Companies Act changes soon

take a view on it," said the person.

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Act has to address disclosure requirements..

(ISTOCKPHOTO)

Queries emailed to the corporate affairs ministry remained unanswered.

Finance and corporate affairs minister Nirmala Sitharaman had said in her budget speech this year that "a light-touch regulatory framework based on principles and trust will unleash productivity and employment." The idea is to have a modern, flexible and people-friendly regulatory regime.

Some of the changes may relate to upgrading the regulatory framework in the digital age, said Chandrajit Banerjee, director-general of Confederation of Indian Industry (CII).