seminar on understanding new csr legislation
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Companies Bill Likely in Rajya Sabha This Week

Companies Bill Likely in Rajya Sabha This Week

NEW DELHI: The much-awaited Companies Bill, which seeks to replace the more than five-decades old regulations that govern corporates in the country, is likely to be tabled in the Rajya Sabha this week. The Companies Bill 2012, which envisages a slew of changes to rules governing the functioning as well as social responsibilities of corporates, […]

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It is Probably Wrong to Equate Lobbying & Bribery: Sachin Pilot

It is Probably Wrong to Equate Lobbying & Bribery: Sachin Pilot

Times of India reported that the passage of the Companies Bill in Lok Sabha recently has paved the way for a significant overhaul of the legislation overseeing firms. In an interview Corporate Affairs minister Sachin Pilot outlines the need for making CSR spending mandatory for certain class of companies, the role of auditors and the […]

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Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Corporate affairs minister Sachin Pilot has warned auditors against getting cozy with the management. NEW DELHI: Terming “cosy” relations between management and auditors of a company as key to accounting frauds, the corporate affairs minister Sachin Pilot has said that such a nexus would not be allowed anymore as lawmakers have become smarter after Satyam […]

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Companies Bill 2011: Body to monitor accounting & auditing

Companies Bill 2011: Body to monitor accounting & auditing

NEW DELHI: To have quasi-judicial powers, levy penalty for misconduct; may clash with ICAI. The government proposes to establish a National Financial Reporting Authority (NFRA) for better monitoring of corporate financial management, going by the revised Companies Bill, 2011. NFRA is, in fact, the renamed version of the earlier proposed National Advisory Committee on Accounting […]

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