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Aug 21, 2012, 10.44 PM IST
The bad news just keeps pouring in for India Inc. Sources say that fresh delays are haunting the much awaited Companies Bill, 2011.
The Companies Bill that seeks to keep pace with the changing modern industrial climate is in the last stages of considerations before the Parliamentary Standing Committee and government hopes that its recommendations will be placed in Parliament shortly.
However, sources say it's unlikely that the Bill will make it to the Parliament during the monsoon session, which ends on August 27. The ministry of corporate affairs is yet to finalise the cabinet note on Companies Bill. It is awaiting the finance ministry's views on the key changes.
Introduced in the wake of the Rs 14,000-crore Satyam fraud, the fresh bill proposes to enhance the accountability of companies, seeking greater disclosure and protection of investors and minority shareholders.
(With inputs from PTI)
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