In order to further Ease of Doing Business, CII has compiled a list of statutes pertaining to business and economic matters that would benefit from reclassification of criminal offences to civil offences, thereby attracting civil liabilities rather than imprisonment.
In this Note on Decriminalization of Business and Economic Legislations (Part III), CII has made out a case for a broader need for limitation to be applied for criminal offences, and some important changes in CPC, CrPC and IPC. Also included in the recommendations are suggestions for decriminalization of minor offences under Insurance Act, 1938, SARFAESI Act, 2002, etc. for improving business sentiment and unclogging court processes.