Send Companies Bill to Par panal: BJP to Govt
Send Companies Bill to Par panal: BJP to Govt
Companies Bill was listed for passage on Monday in the Lower House but the government did not move it.

New Delhi: Government and BJP on Monday agreed on issues related to Pensions Fund Regulatory Development Authority Bill and Companies Bill but the Opposition suggested that since the draft of the latter has been altered considerably it should be sent back to the Standing Committee.

When Finance Minister Pranab Mukherjee reached out to the principal Opposition on Monday morning saying he wanted to discuss some important issues, the BJP thought the government wanted to discuss the Lokpal Bill.

However, Mukherjee informed BJP leaders LK Advani, Sushma Swaraj, Arun Jaitley and Yashwant Sinha that he wanted their party's support for the PFRDA and Companies Bill. The Left parties are opposed to the proposed legislations.

On the Companies Bill, government conceded to BJP's demand for allowing Limited Liability Partnership (LLP) which would enable a group comprising only of professionals from one category like Chartered Accountants, or Company Secretaries, etc. to form their own company.

However, the Companies Bill which was sent to the Standing Committee earlier has been altered considerably by the government and the draft which has been presented in the Lok Sabha is virtually a new Bill, according to BJP sources.

Hence the main opposition suggested that this should be sent to the Standing Committee for discussion. Mukherjee heard the BJP on this matter but did not make any commitment.

Companies Bill was listed for passage on Monday in the Lower House but the government did not move it.

PFRDA Bill will be moved for passage in Lok Sabha on December 21 after BJP's demands were accepted by Mukherjee.

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