Government of IndiaMinistry of Finance Budget 97-98



Budget Speech - PART A

Companies Act and Direct Taxes Act

  1. Hon'ble Members will recall that I had set up an expert group to draft a new Companies Bill and another expert committee to prepare a new Direct Taxes Bill. Both groups have done splendid work and have submitted their reports. Copies of the reports will be placed in the Parliament Library next week. They will also be distributed widely. A working draft of each Bill will also be circulated as soon as it is ready. It is my hope that there will be wide and informed debate on the two Bills. It is my intention to bring the new Companies Bill before this House in the monsoon session and the new Direct Taxes Bill in the winter session.

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