<h1>Minister Highlights Online Corporate Data Boosting Transparency and Compliance; 2013 Companies Act Amendment Formalizes Corporate Philanthropy.</h1> The Finance and Corporate Affairs Minister highlighted the transparency brought by the online availability of corporate data, which enhances public scrutiny and compliance. This development pressures companies to maintain transparency and adhere to regulations, reducing the likelihood of impropriety. The minister also discussed the formalization of corporate philanthropy through the 2013 Companies Act amendment, which mandates certain profitable companies to allocate a portion of their profits to Corporate Social Responsibility (CSR) activities. The online portals for CSR and corporate data are expected to further institutionalize these practices, with significant CSR expenditures reported in recent years.