Govt priority is to "decriminalise" provisions in the Companies Act: Nirmala Sitharaman

Nirmala Sitharaman said the priority is to "decriminalise" provisions in the Companies Act. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a total 72 changes in the Companies Act, 2013 to decriminalise offences, Nirmala Sitharaman said. The move was in line with the government's intent of making it easier to do business in the country, at a time when the economy stares at the slowest annual pace of expansion recorded since the 2008-09 global financial crisis.