Decriminalisation of Companies Act: Decoding the COVID economic relief

Historically, corporate India has suffered the rigours of a strict penal regime for violations and non-compliances under the erstwhile Companies Act, 1956, and at present, under the Companies Act, 2013 (“Act”). The penal system itself isn’t as agonising as its delays, during which officials of the company would get transferred, retire, or get a new role elsewhere during subsisting proceedings.

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