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The Companies Bill was passed recently by the Rajya Sabha. It now needs President Mukherjee's approval (guaranteed) so that it can turn into the Companies Act 2013. India needs more legislation like the Companies Act 2013. A vast number of Indian laws are antiquated. Many even pre-date Indian independence and were made by the British. The Companies Act is a breath of fresh air. The first and most important thing it does - simplify. From 700+ clauses, the new Act is down to 470 clauses fitting ...