New Delhi: Making efforts to ensure smooth implementation of the new companies law, the Ministry of Corporate Affairs is working on simplifying procedures by way of notifications and circulars. The Companies Act, 2013 — that replaces the nearly six-decade old law governing corporates in the country — came into effect from April 1. Many stakeholders have raised concerns about certain aspects of the new Act and the Ministry — which is implementing this law — is taking steps to address the issues. Corporate Affairs Secretary Naved Masood has said the Ministry is open to suggestions and feedback in understanding corporate needs.

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