Centre determined to pass Companies bill in budget session

Corporate Affairs Minister M Veerappa Moily on Friday said the Centre is determined to introduce and pass the Companies bill in the coming budget session of Parliament and slammed the opposition for its 'obstructionist' policy towards it.

"As per my determination and the government's determination.. is to ensure the bill is definitely taken for consideration by both houses and passed in the budget session," he told reporters on the sidelines of a function on Friday.

He came down heavily on the opposition, saying "We have now come up with a comprehensive Companies bill after consulting experts in the field, but nothing could move because of the obstructionist policy of the opposition."

Pointing out that all stakeholders were taken into confidence while preparing the bill, he said "This is a national debate....Again getting back to the same issue (by the opposition) is not appropriate. There should be some stage where a finality can be achieved."

"Though the Centre sent the bill to the standing committee, as requested by the opposition, it still could not be passed because of them," he said.