Lok Sabha has passed the Highlights of Companies bill 2011

The Highlights of companies bill has passes in Lok Sabha with new definitions and influences. Now it includes many salient features such as accounting standard, employee stock option, key managerial personnel, promoter, auditing standard, CEO, CFO and Indian depository receipt etc. This total bill is divided into 29 chapters with 470 clauses and 658 sections.

It is very forward looking amendment with unique features and has extended the limit of members from 50 to 200. The definition of Associate Company has also changed with adding the significant influence. The judicial empowerment has also increased with special courts. The government has done many changes with beneficial additions.

The Highlights of companies bill has passes in Lok Sabha with new definitions and influences. Now it includes many salient features such as accounting standard, employee stock option, key managerial personnel, promoter, auditing standard, CEO, CFO and Indian depository receipt etc. This total bill is divided into 29 chapters with 470 clauses and 658 sections.

It is very forward looking amendment with unique features and has extended the limit of members from 50 to 200. The definition of Associate Company has also changed with adding the significant influence. The judicial empowerment has also increased with special courts. The government has done many changes with beneficial additions.