Highlights of the Companies Bill 2012.

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..... Highlights of the Companies Bill 2012.
By: - CSSwati Rawat
Corporate Laws / IBC / SEBI
Dated:- 10-8-2013

Highlights of the Companies Bill 2012. • The new legislation, which would .....

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..... 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. • The proposed legi .....

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..... slation would ensure setting up of special courts for speedy trial and stronger steps for transparent corporate governance practices and curb corporate misdoings. • The new law would require com .....

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..... panies 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. • In case, enti .....

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

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

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