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Updated on: May 17, 2020 13:55 IST

Finance Minister Nirmala Sitharaman announces big relief for struggling firms

Union Finance Minister Nirmala Sitharaman has announced that the government has taken steps to ensure easing of the insolvency procedures. Sitharaman also announced the government's move to decriminalise Companies Act defaults by dropping 7 compoundable offences altogether under the alternative framework.

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