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Less regulatory burden, more flexibility in Companies Act reform

Structural flaws in the Act that had been created by piecemeal amendments over the years have also been dealt with.

AFTER seven years of review, the most extensive amendments to the Companies Act since its enactment in 1967 have finally been passed.

In October 2007, the finance minister appointed a steering committee, chaired by SID honorary fellow professor Walter Woon, to review the Act. Its brief:...

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