Nation

Cabinet approves re-promulgation of ordinance to improve ease of doing business

A bill to replace an earlier ordinance was passed by the Lok Sabha in the Winter Session and is pending in the Rajya Sabha.

The Union Cabinet approved re-issuance of an ordinance to improve ease of doing business, declog the NCLT and prescribe strong action against non-compliant companies.

A bill to replace an earlier ordinance was passed by the Lok Sabha in the Winter Session and is pending in the Rajya Sabha.

The ordinance was brought with a view to declog special courts and the National Company Law Tribunal (NCLT).

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