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A look at the key economic bills in Parliament's winter session

​Economic bills in the winter session
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​Economic bills in the winter session

The winter session of Parliament begins today with the government lining up a heavy-duty legislative agenda with a key focus on changes to the insolvency regime and improving ease of doing business for companies. ET looks at the key economic bills to be taken up...

Agencies
No Longer Criminal
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No Longer Criminal

* On Agenda: The Companies (Second Amendment) Bill, 2019
* No criminal prosecution for most offences under Cos Act
* Reduction in penalties for offences under the act
* Decriminalisation of non-compliance with CSR requirements

BCCL
Less Taxing
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Less Taxing

* On Agenda: The Taxation Laws (Amendment) Bill, 2019
* Corporate tax cut ordinance to be replaced with an amendment
* Tax rate cut from 30% to 22% for existing Cos
* Rate cut from 25% to 15% for new manufacturing Cos

Agencies
Insolvency Across Borders
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Insolvency Across Borders

* On Agenda: The Insolvency and Bankruptcy (Second Amendment) Bill, 2019
* To facilitate cross-border insolvency proceedings
* Insolvency of the personal guarantor to the corporate debtor
* New formula for minimum distribution of resolution proceeds to creditors

ThinkStock Photos
Competition Compliance
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Competition Compliance

* On Agenda: The Competition (Amendment) Bill, 2019
* To bring deal value threshold for assessment of combinations
* Provision for Commitment and settlement with violators
* New CCI structure with regional offices across India

Agencies
Restoring Faith in Cooperatives
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Restoring Faith in Cooperatives

* On Agenda: The Multi-State Cooperative Societies (Amendment) Bill, 2019
* Protect the interest of depositors from vested interests, mismanagement
* Enhance the role of members in managing multi-state cooperative societies
* Rationalise govt role in working of multi-state cooperative societies

BCCL
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