Companies Bill News
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Finance Minister Arun Jaitley also exhorted companies to take up challenging areas for spending their CSR fund.
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In terms of number of Bills passed by both the Houses during the Budget sessions, the highest number of 24 Bills were passed by both the Houses during this Budget session, the best in the last five years.
The Rajya Sabha on Wednesday passed the Companies (Amendment) Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.
The Companies Bill and the Black Money Bill will be taken up by the Rajya Sabha on Wednesday, the last day of the Budget Session.
Government's attempt to pass the Companies (Amendment) Bill, 2014 in Rajya Sabha today was scuttled after opposition members from various parties pressed for putting it off for Wednesday.
The Lok Sabha on Wednesday passed the Companies amendment Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.
Corporate Affairs Minister Arun Jaitley on Wednesday pushed for changes in the Companies amendment bill, 2014 to improve business climate in the country.
The Companies Act, 2013 , makes it mandatory for public and private firms with an annual turnover of $50 million) to have at least one female director by Oct. 1, 2014.
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