Cabinet approves Companies Amendment Bill, 2014: suggests doing away with declaration by company before commencement of business

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for moving of the following Official Amendments in the Companies (Amendment) Bill, 2014 :-i. Doing away with the requirement for filing a declaration by a company before commencement of business or exercising its borrowing powers andii. rationalizing the procedure for laying draft notifications...