The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet is titled “The Companies Amendment Bill 1972”. It is divided into three parts, the first author asserts that the implementation of such an amendment bill will introduce more and more government intervention on the corporate houses. In the second part, the author discusses how specific the impact will be on small and medium companies. In the third part, the author performs a “Detailed Study of Implications”.