The Companies (Amendment) Act, 2015, of India, was granted the assent of the President on May 25, 2015, but was published in the Official Gazette on May 26, 2015.
[1] This Amendment aims to swiftly bridge some of the most pressing concerns of stakeholders such as the need to align business exigencies with certain actions deemed punishable with criminal law under the original Act of 1956 but not yet amended in the new Companies Act of 2013.
[2] The amended provisions of the new Act have done away with the requirement of minimum capital to establish a company.
However, the Amendment of 2015 abolished these limits in order to increase India's ease of doing business rankings.
[4] This Amendment was one of the first steps toward easing restrictions and decriminalising regulations for companies and businesses in general.