New Delhi, Feb. 18 -- The Ministry of Corporate Affairs (MCA) is preparing to introduce a Corporate Amendment Bill aimed at simplifying regulatory procedures and reducing the compliance burden on businesses.

"The forms are being rationalised, and more action on decriminalisation is being proposed for greater ease of doing business," a senior official was quoted by Business Standard as saying.

The Cabinet note outlining comprehensive changes to both Companies Act and Limited Liability Partnership Act are learnt to have been finalised. Officials indicated that company forms are being rationalised and further decriminalisation of certain offences is being proposed to improve the ease of doing business.

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