The new companies Bill, pending approval of the Parliamentary standing committee, is expected to be tabled in Parliament by this year-end, corporate affairs secretary R Bandyopadhyay said here today.
"The committee will submit its report soon. The corporate affairs ministry will take some time (two-three months to study it) and we are hopeful that we will have a new Act by the year-end," Bandyopadhyay told reporters on the sidelines of an event here.
Against the backdrop of the Satyam scam, the government geared up to frame a new legislation to address the regulatory loopholes in the existing Companies Act.
"The new Bill will also address several investor concerns, including creating a framework to empower them," Bandyopadhyay said, adding the ministry is starting an investor awareness scheme under which over 3,000 workshops will be conducted across the country.
"The programme will help educate investors and encourage them to move away from traditional investment vehicles. Our duty is to inform investors and not to tell (them) invest here and there...Finally, investors should take their own decision before investing," the secretary said.