Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Govt Introduces Companies (Amendment) Bill in Lok Sabha Amid Protests from Opposition

As soon as Finance Minister Nirmala Sitharaman rose to introduce the Bill, to replace the ordinance promulgated in February, TMC member Saugata Roy said MPs had no prior information of the proposed legislation.

PTI

Updated:July 25, 2019, 2:50 PM IST
facebookTwitterskypewhatsapp
Govt Introduces Companies (Amendment) Bill in Lok Sabha Amid Protests from Opposition
Union Finance Minister Nirmala Sitharaman in Lok Sabha on Thursday.
Loading...

New Delhi: A bill to replace the Companies (Amendment) Ordinance, 2019 was introduced in Lok Sabha on Thursday, a moved strongly opposed by the opposition claiming the government has been trying to enact the law in haste.

As soon as Finance Minister Nirmala Sitharaman rose to introduce the Bill, to replace the ordinance promulgated in February, TMC member Saugata Roy said MPs had no prior information of the proposed legislation and urged Speaker Om Birla to direct the government to reintroduce it on Friday. "You are the supreme authority. You should not allow this to happen," Roy told the Speaker.

Sitharaman said the bill has been a necessity as the government had promulgated ordinance on the subject twice in the past -- in November 2018 and February 2019.

"A bill to replace the first ordinance was passed in Lok Sabha in January 2019 but could not get through in Rajya Sabha. Hence the second ordinance was promulgated in February.

This bill has been brought to replace the second ordinance. We are not bringing the bill in haste," she said.

The finance minister said the government was following the best practice by adopting the legislative route to enact the law.

Congress leader Adhir Ranjan Chowdhury said the government on several occasions in the past brought bills to the House without prior notice.

"If such trends continue, the dignity of the House will be hurt," he said.

The Speaker said that he has already given a ruling that at least two days prior notice should be given to the MPs before introduction of any bill from the next session.

With this, TMC leader Sudip Bandyopadhyay said the way the government is bringing in the bills, no bill will be left for the next session.

Birla allowed the finance minister to introduce the bill, which she did accordingly.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results