Change, in any form, is not always welcome, especially if it is in a statute. The Companies (Amendment) Bill, 2003, which proposes to liberalise, deregulate and simplify laws governing the corporate sector does not seem to have found favour with a section of India Inc. In fact, that section of corporate India is of the view that the Government should consider referring the Bill to a select committee of Parliament. The Bill proposes to plug the loopholes prevailing in the Act since long, to avoid misuse and to protect stakeholders effectively. It proposes to insert 16 new sections, substitute 34 existing sections, amend 123 and delete 21 existing sections.