Companies( Amendment) Bill introduced in Lok Sabha

NEW DELHI, July 25: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. (PTI)