New Delhi, March 4 (SocialNews.XYZ) Union Finance Minister Nirmala Sitharaman on Wednesday said the Cabinet has approved 72 changes amending 65 sections of the Companies Act, to decriminalise these sections.
Sitharaman said 33 offences to be the categorised out of 66 compoundable offences to be fit for in-house adjudication.
The Cabinet also also removed seven compoundable offences. The Cabinet limited punishment for 11 compoundable offences to fines while removing imprisonment.
The law has become more humane now, she said.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz