<span style="color: #222222;">The Centre has promulgated the Companies Amendment Ordinance, 2018 to promote Ease of Doing Business with better corporate compliance. </span><br />'' <br />'' <span style="color: #222222;">President Ram Nath Kovind gave his assent to the recommendation of the Union Cabinet for promulgation of the Ordinance. </span><br />'' <br />'' <span style="color: #222222;">The Ordinance is based on the recommendations of the Committee appointed by the Government to review offences under the Companies Act, 2013. </span><br />'' <br />'' <span style="color: #222222;">The main amendments in the Act include shifting of the jurisdiction of 16 types of corporate offences from the Special Courts to in-house adjudication, which is expected to reduce the caseload of Special Courts by over 60 per cent.</span><br />