Things You Must Know About The New Company's Bill 2013


Bangalore: The Company’s Bill 2012, is just waiting for the final approval from the President, to become the Company’s Act 2013. It has already been passed by Lok Sabha and India’s Upper House of Parliament, Rajya Sabha. A number of new concepts and rules are accompanying the Bill, and an eager audience is waiting to witness the revolution it will bring, reports Economic Times.

Some of the concepts of the Bill and their impact:

1. An Emphasis on Corporate Social Responsibility: The Bill announced that 2 percent of the company’s average net profit should be spent on corporate social responsibility during three preceding years. The Bill however has not specified the activities that would define Corporate Social Responsibility.

Impact: Expected to promote comprehensive growth.

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