Vajpayee's Pronouncements At FICCI

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Outlook News Desk
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Updated on:
Vajpayee's Pronouncements At FICCI
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  • Companies will be permitted to buy back shares within S E B I guidelines .
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  • The government proposes to abolish the existing provision requiring its prior approval for inter-corporate investments.
  • Companies will be permitted to enhance acquisition limits as per the recommendations of the Bhagwati Committee on takeovers.
  • The public sector will be restructured, and disinvestment made more transparent. The action to achieve these objectives will be in place within 30 days.
  • Steps will be taken to speed up the passage of the Companies Bill and FEMA .
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