Companies Bill unlikely to be passed in Monsoon session

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.

[caption id=“attachment_425331” align=“alignleft” width=“380”] Reuters[/caption]

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.