The Companies (Amendment) Bill, 2020 Assented by President as Companies (Amendment) Act, 2020, provides the following, namely: —
♦ To incorporate a new Chapter XXIA in the Act related to Producer Companies.
♦ To decriminalize certain offences under the Act.
♦ To make provisions for allowing payment of adequate remuneration to non-executive directors in case of inadequacy of profits.
♦ To speed up timeline of right issue under section 62.
♦ To extend exemptions to certain classes of…