It's been a parliament session of half measures- the most successful was the banking amendment Bill that cleared both houses albeit with some changes.
A parliamentary panel will take up the Companies Bill 2011, which will replace the half-a- century old company law, after finalising the report on the Direct Taxes Code (DTC).
Two years ago when the Parliamentary Standing Committee suggested the Companies Bill mandate auditor rotation, both corporate India and its auditors dissented.
Corporate Affairs Minister, Veerappa Moily, today said he hopes the Companies Bill 2011, approved in the Cabinet yesterday, will be passed during the winter session of Parliament.
The long pending Companies Bill will be taken up by the cabinet for consideration on October 25, reports CNBC-TV18's Malvika Jain.