In a statement today, Corporate Affairs Minister Veerappa Moily said he hoped the Companies Bill 2011, approved in the Cabinet yesterday, will be passed this Parliament session.
The Companies Bill seeks to update the 50 year old Companies Act, 1956 and the laws related to raising money from the public, insider trading, term for independent directors, and, probably the most important, corporate social responsibility (CSR).Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
