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Government determined to pass Companies Bill in Budget session: Moily

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Chennai: Corporate Affairs Minister M Veerappa Moily on Saturday said the Centre is determined to pass the Companies Bill in the Budget session and slammed the opposition for "obstructionist" policy towards it.

 

"As per my determination and the government's determination... is to ensure the Bill is definitely taken for consideration by both houses and passed in the budget session," he said.

 

He came down heavily on the opposition, saying, "We have now come up with a comprehensive Companies bill after consulting experts in the field, but nothing could move because of the obstructionist policy of the opposition."

 

Pointing out that all stakeholders were taken into confidence while preparing the bill, he said, "This is a national debate... Again getting back to the same issue (by the opposition) is not appropriate. There should be some stage where a finality can be achieved."

 

"Though the Centre sent the bill to the standing committee, as requested by the opposition, it still could not be passed because of them," he added.

Story first published on: January 08, 2012 14:59 (IST)

Tags: Budget 2012

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