Highlights of the Companies Bill 2012.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ighlights of the Companies Bill 2012.<br>By: - CSSwati Rawat<br>Corporate Laws / IBC / SEBI<br>Dated:- 10-8-2013<br><br>Highlights of the Companies Bill 2012. &bull; The new legislation, which would ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....replace the nearly 50-year-old Companies Act of 1956 and would encourage the companies to undertake social welfare voluntarily instead of imposing the social responsibility. &bull; The proposed legis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lation would ensure setting up of special courts for speedy trial and stronger steps for transparent corporate governance practices and curb corporate misdoings. &bull; The new law would require comp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....anies that meet certain set of criteria, to spend at least two percent of their average profits in the last three years towards Corporate Social Responsibility (CSR) activities. &bull; In case, entit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ies are unable to comply with the CSR rules, they would be needed to give explanations. Otherwise, they would face action, including penalty. &bull; The amended legislation also limits the number of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....companies an auditor can serve to 20 besides bringing more clarity on criminal liability of auditors.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....