https://www.taxtmi.com/acts?id=15915 The Companies Bill, 2011 replaces the Companies Act, 1956 to introduce electronic governance, statutory Corporate Social Responsibility and enhanced board accountability through defined roles and duties for Independent Directors, board committees, vigil mechanisms and promoter liabilities. It strengthens disclosure and audit frameworks-new disclosure norms, consolidated foreign subsidiary accounts, auditor rotation, limits on non audit services, and creation of a National Financial Reporting Authority-while reforming managerial remuneration, facilitating capital raising and mergers for specified classes, protecting minority shareholders, expanding investor safeguards, and vesting statutory powers in the Serious Fraud Investigation Office. en-us Mon, 26 Dec 2011 11:09:02 +0530 Mon, 26 Dec 2011 13:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15915 The Companies Bill, 2011 replaces the Companies Act, 1956 to introduce electronic governance, statutory Corporate Social Responsibility and enhanced board accountability through defined roles and duties for Independent Directors, board committees, vigil mechanisms and promoter liabilities. It strengthens disclosure and audit frameworks-new disclosure norms, consolidated foreign subsidiary accounts, auditor rotation, limits on non audit services, and creation of a National Financial Reporting Authority-while reforming managerial remuneration, facilitating capital raising and mergers for specified classes, protecting minority shareholders, expanding investor safeguards, and vesting statutory powers in the Serious Fraud Investigation Office. Act-Rules Bills Mon, 26 Dec 2011 11:09:02 +0530 https://www.taxtmi.com/acts?id=15915