More delays have begun haunting the much-awaited Companies Bill, 2011.
While the Companies Bill is in the last stages of considerations before the Parliamentary Standing Committee, sources have told CNBC-TV18 that it’s unlikely that the Bill will make it to the Parliament during the monsoon session, which ends on 27 August.
The ministry of corporate affairs is yet to finalise the cabinet note on Companies Bill. It is awaiting the finance ministry’s views on key changes.
Introduced in the wake of the Rs 14,000-crore Satyam fraud, the fresh bill proposes to enhance the accountability of companies, seeking greater disclosure and protection of investors and minority shareholders.
Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:
Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures
Please do not post comments that target a specific community, caste, nationality or religion.
While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.
Comments will be moderated for abusive and offensive language.