The Companies (Amendment) Bill, 2020
<p>The Companies (Amendment) Bill, 2020 was introduced in Lok Sabha by the Minister for Corporate Affairs, Ms. Nirmala Sitharaman, on March 17, 2020. The Bill seeks to amend the Companies Act, 2013. Under
Companies Act 2013
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Companies need to improve disclosure on CSR activities: IiAS
Mumbai : There is need for significant improvement in the quality of disclosure on CSR activities, particularly with regard to quantum of spending, said a report released by proxy advisory firm IiAS on
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Handbook on Corporate Social Responsibility in India
India is a country of myriad contradictions. On the one hand, it has grown to be one of the largest economies in the world, and an increasingly important player in the emerging global order, on the other
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Companies Act, 2013: key highlights and analysis
This is an analysis by PwC of the significant changes proposed by Companies Act 2013 as compared to the 1956 Act . The Companies Act 2013 passed by the government includes several changes to govern the operation and social responsibilities of corporates and will replace the Companies Act, 1956.
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Second Set of Draft Norms for Companies Act Released
Includes setting up National Co Law Tribunal and Appellate Tribunal The Ministry of Corporate Affairs (MCA) released the second set of draft rules to implement the new companies Act, 2013, which will replace the nearly six-decade-old legislation governing companies in the country. The draft rules would be open for comments till October 19. With the second set, draft rules for 24 chapters of the new legislation have been released
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Second set of draft rules for new Cos Act released
The government today released the second set of draft rules for the implementation of landmark Companies Act, 2013, that will replace the nearly six-decade old legislation governing corporates in the country.
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Chhattisgarh wants mandatory CSR spends to go to CM fund
Corporate Affairs Ministry to seek legal opinion on diversion from Companies Act The Chhattisgarh government has sprung a unique and potentially illegal interpretation of the new Companies Bill’s mandatory Corporate Social Responsibility (CSR) provision on private sector players, by asking firms to deposit their contributions to the Chief Minister Community Development Fund rather than undertake CSR projects on their own.
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CSR spending must for firm in black even if its group is in red
The draft rules for the new Companies Act say activities benefiting a company's own employees and families will not qualify as CSR spending The ministry of corporate affairs (MCA) proposes to mandate companies to spend two per cent of their average net profit for the past three years on fulfilling their corporate social responsibilities (CSR) even if their group makes consolidated net loss.
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Plan to invest 2% profit on Corporate Social Responsibility
With the new Companies Act, 2013, making it mandatory for all the companies with a turnover of Rs 1,000 crore or net profit of Rs 5 crore or more to earmark 2 per cent of their net profit for the preceding
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New Companies Act draft hits small auditors more
New Companies Act draft hits small auditors more The new rules say auditors will have to take highly costly indemnity insurance against third-party liabilities, feasible only for large firms
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Companies Act draft rules bring clarity on auditor rotation, CSR spending
All public companies whose paid-up share capital exceeds Rs 100 crore or which have in aggregate outstanding loans or deposits exceeding Rs 200 crore may soon be required to have one-third independent