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General Scheme of the Companies and Industrial and Provident Societies (Covid-19) (Amendment) Bill 2020

This document outlines the Heads of the General Scheme of the Companies and Industrial and Provident Societies (Covid-19) (Amendment) Bill 2020.

The Bill proposes to address areas of concern in respect of operational matters in relation to compliance under the Companies Act and Industrial and Provident Societies Acts, such as the requirement to hold an Annual General Meeting, and protective measures designed to pre-empt certain impacts the crisis may have on a company’s solvency with a view to protecting viable businesses, retaining employment and supporting economic recovery post-crisis.

Published by Commerce, Consumer and Competition

Topics: Companies Act 2014, Company Law, Co-Operative Legislation, Company and Corporate Law