Governance and Transparency is to improve with revised Company Bill

The revised company bill has passed by the Lok Sabha on Wednesday. This bill was in highlight and waiting to be passed since August 2008. After the debate the court stated that this bill will protect the interest of employees with encouraging the companies in terms of social welfare.

Minister of corporate affairs Sachin Pilot said that India has become the country which mandates the corporate social responsibility.

There are many features in the bill with new rules for CSR, guard interests of employees, keeping the tabs on remunerations and protect the interest of shareholders along with employees. It also enhances the corporate functioning and the governance. This bill is surely keeping the transparency in the corporate sector.

The revised company bill has passed by the Lok Sabha on Wednesday. This bill was in highlight and waiting to be passed since August 2008. After the debate the court stated that this bill will protect the interest of employees with encouraging the companies in terms of social welfare.

Minister of corporate affairs Sachin Pilot said that India has become the country which mandates the corporate social responsibility.

There are many features in the bill with new rules for CSR, guard interests of employees, keeping the tabs on remunerations and protect the interest of shareholders along with employees. It also enhances the corporate functioning and the governance. This bill is surely keeping the transparency in the corporate sector.