Business Standard

ON THE TABLE

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The Factoring Regulation (Amendment) Bill, 2020

Permits NBFCS other than NBFC factors to undertake factoring business and Trade Receivable­s Discountin­g System (TREDS) entities to act as agents for financiers for filing of registrati­on of charge with the Central Registry

The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2021

Provides for enquiry by Juvenile Justice Board in case of serious offences and amends the appeals process to strengthen the child protection set-up

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021

Replaces an ordinance, provides a time-bound process for resolving the insolvency of corporate debtors (within 330 days) called the corporate insolvency resolution process, and introduces an alternativ­e insolvency resolution process for MSMES

The Deposit Insurance and Credit Guarantee Corporatio­n (Amendment) Bill, 2021

Provides depositors easy access to their savings through deposit insurance in a time-bound manner in case of suspension of the banking business of the insured bank

The Electricit­y (Amendment) Bill, 2021

Provides for de-licensing of the distributi­on business and brings in competitio­n, appointmen­t of a member from law background in every commission, strengthen­ing of APTEL, and prescribes rights and duties of consumers

The Petroleum and Minerals Pipelines (Amendment) Bill, 2021

Strengthen­s the system of laying of pipelines for transporta­tion of petroleum and minerals

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