Cabinet to take up new Companies Bill soon: Moily

The Companies Bill 2009, has been pending for passage for quite some time now and will replace the Companies Act of 1956.

Ready with Cabinet note on Companies Bill: Moily

Expressing hope that the Companies Bill, 2009, will be passed by Parliament in 2011 itself, Corporate Affairs Minister Veerappa Moily Tuesday said his ministry was ready with the Cabinet note for the legislation.

Women`s Day: 1 female independent director in cos must

Coinciding with International Women`s Day, the Corporate Affairs Ministry Tuesday said it would make it mandatory for companies having five or more independent directors to have at least one female independent director.

Cos Bill to factor in SC verdict on Bhopal tragedy

Corporate Affairs Minister Salman Khurshid Thursday said the directive of the Supreme Court on a curative petition on the Bhopal gas tragedy will have to be "factored in" within the proposed Companies Bill .

New Companies Bill likely in Budget session: Khurshid

The proposed new Companies Bill is
expected to be tabled in the Budget session of Parliament,
Minister of Corporate Affairs Salman Khurshid said on Tuesday.

CEOs salary cap removed in new Companies Bill: Khurshid

The existing 11 per cent cap
on salaries of CEOs of corporates has been removed in the new
Companies Bill-2009.

Govt for provisions in Companies Bill to compensate retail investors

Taking lessons from Satyam
episode, the government is looking at making provisions in the
Companies Bill for compensating aggrieved retail investors
fighting class action suits against fraud-hit companies.

SFIO to be made part of new company law, says Khurshid

The govt has decided to include the Serious Fraud Investigation Office (SFIO) in the new Companies Bill 2009 to arm it with legal and statutory powers to probe corporate misdoings, Corporate Affairs Minister Salman Khurshid said.

Government re-introduces Companies Bill

The government on Monday re-introduced
Companies Bill in the Lok Sabha to replace a 52-year-old law
and simplify regulations dealing with formation, mergers and
acquisitions and winding up of companies.

Companies Bill likely to be re-introduced this week

The new Companies Bill, 2008, which lapsed after the 14th Lok Sabha was dissolved, is likely to be re-introduced in Parliament this week, official sources said.