The law ministry has cleared a crucial amendment that will allow greater flexibility for investments via put-and-call options and boost investor sentiment, reports CNBC-TV18's economic policy editor Siddharth Zarabi. The proposal languished in the law ministry after being presented by Chidambaram in November 2012.
Also Read: Sibal favouring Vodafone, claims Arvind Kejriwal's APPOnly the new, revised Companies Bill, which has been cleared by the Lok Sabha recently, proposes to allow this flexibility, but it remains to be approved by the Upper House. The amendment would recognise the kind of option contracts which are frowned upon by the regulators.
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