The conversation between human and AI assistant.
What are differences between Companies Act 2013- Bare Act, Amendment Act 2015 and Amendment Bill 2016?
Ok, that makes sense. Can you please explain more about the restrictions on loans and investments that were removed by the proposed bill?
The proposed bill aimed to remove the restrictions on the number of companies in which a company can invest, and the requirement for companies to pass resolutions for every investment. It also sought to remove the restriction on inter-corporate loans and investments beyond prescribed limits.