companies bill

Salient Features of the Companies Bill 2011

The Companies Bill, 2011, which was passed by the Lok Sabha yesterday, on its enactment will allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in the country, viz. the Companies Act, 1956 had been under consideration for quite long… Read More

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Companies Bill cleared by Cabinet – to be taken up in ongoing Winter Session

  The Cabinet on Thursday approved the Companies Bill, 2011, which aims to update corporate laws in the country and introduce modern concepts like mandatory corporate social responsibility (CSR) and class action suits.  Following Cabinet clearance, it is now likely to be taken up for consideration and passage in the ongoing Winter Session of Parliament.  The Bill, which was originally introduced in… Read More

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New Companies Bill to be placed in the Monsoon Session : Murli Deora

"The Companies Bill will come in for discussion in Parliament in the Monsoon Session," Corporate Affairs Minister Murli Deora said on the sidelines of a FICCI event in Delhi. The new Companies Bill, which was tabled in the backdrop of the Rs. 14,000 crore-Satyam fraud, promises greater shareholder democracy and stricter corporate governance norms. The Bill proposes to… Read More

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