Financial Sector Reforms to continue, Companies Bill 2008 introduced

A number of reforms undertaken by the UPA Government in the last four years has deepened and widened Securities Market and strengthened the regulatory mechanisms for these markets.

Highlighting the various initiatives taken by the Government, the Finance Minister, Shri Pranab Mukherjee, in his Interim Budget Speech for the year 2009-2010 in the Lok Sabha today said that systems and practices have been put in place to promote a safe, transparent and efficient market to protect market integrity.

Shri Mukherjee said that the comprehensive revision of the Companies Act 1956 undertaken by the Government to make it a compact law in response to the changes in the business environment, would enable adoption of internationally accepted best practices. Based on this exercise, the Companies Bill 2008 has been introduced in the Parliament.

Source : Equity Bulls

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