Via the Companies (Amendment) Act, 2019, recommendations of the Committee to Review Offences under the Companies Act, 2013 (Committee) to re-categorise 16 out of 81 compoundable offences under the Companies Act, 2013 (Act) as civil liabilities were accepted. In a move to further relax the provisions, the Government has constituted a Company Law Committee to review aspects of criminalization in the remaining compoundable and non-compoundable offences under the Act.[1]
Continue Reading Decriminalising Companies Act Offences – Striking a Balance Between Ease of Doing Business and Corporate Governance

Manisha Kumar
Partner in the General Corporate Practice at the Mumbai office of Cyril Amarchand Mangaldas. Manisha specialises in cross border private equity investments and mergers & acquisitions, across diverse sectors. She also advises on art law.
Manisha is a ‘recommended lawyer’ by clients, as featured in London based RSG Consulting’s India Report for 2015. She can be reached at manisha.kumar@cyrilshroff.com