https://www.taxtmi.com/news?id=3864 The Ministry announced regulatory reforms refining corporate governance and the companies legal framework, clarifying that directors must explain in the annual report why prescribed CSR expenditure targets were not met while removing hortatory phrasing, without creating a new penal obligation. Proposed Competition Act amendments aim to strengthen the competition authority, require mutual referrals between it and sectoral regulators, and allow differentiated merger notification thresholds. Administrative measures include adoption of guiding principles for governance, an Annual Business Responsibility framework for specified companies, and upgrades to the MCA21 electronic filing portal to improve access and integration with adjudicatory bodies. en-us Tue, 09 Oct 2012 19:00:44 +0530 Tue, 09 Oct 2012 19:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3864 The Ministry announced regulatory reforms refining corporate governance and the companies legal framework, clarifying that directors must explain in the annual report why prescribed CSR expenditure targets were not met while removing hortatory phrasing, without creating a new penal obligation. Proposed Competition Act amendments aim to strengthen the competition authority, require mutual referrals between it and sectoral regulators, and allow differentiated merger notification thresholds. Administrative measures include adoption of guiding principles for governance, an Annual Business Responsibility framework for specified companies, and upgrades to the MCA21 electronic filing portal to improve access and integration with adjudicatory bodies. News - Tue, 09 Oct 2012 19:00:44 +0530 https://www.taxtmi.com/news?id=3864