<h1>India Enacts Companies Bill 2012: Modern Corporate Governance, CSR Committee, Auditor Rotation, Minority Shareholder Protections, and More.</h1> The Parliament has passed the Companies Bill 2012, marking a significant shift in corporate governance in India. The new legislation replaces the Companies Act of 1956, introducing modern regulations aimed at fostering business growth and accountability. Key features include business-friendly regulations, enhanced corporate governance, and protections for minority shareholders and investors. The bill mandates independent directors, establishes a Corporate Social Responsibility committee, and introduces whistleblower protections. It also enforces audit accountability with auditor rotation and prohibits non-audit services. Simplified procedures for mergers and acquisitions and stringent rules for public deposits and class action suits are included. The National Company Law Tribunal will oversee related legal matters.