An opportunity lost for corporate law reforms

The announcements forming part of the Atma Nirbhar Bharat Abhiyan (Self-Reliant India Mission) were expected to introduce big and bold reforms. Follow-up actions would shore up the ailing Indian economy, which faces an unprecedented slowdown due to the covid-19 pandemic. Sadly, such expectations of reforms are likely to be unfulfilled. Take for instance, the slew of measures for corporate law reforms announced on 17 May 2020 in Part 5: Government Reforms and Enablers aimed at lifting companies out of the doldrums.

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