The Companies (Amendment) Bill, 2020
<p>The Companies (Amendment) Bill, 2020 was introduced in Lok Sabha by the Minister for Corporate Affairs, Ms. Nirmala Sitharaman, on March 17, 2020. The Bill seeks to amend the Companies Act, 2013. Under
Companies Act 2013
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CSR won’t count employee benefits
Cos Asked To Set Aside 2% Of Avg Net Profits Of Last 3 Yrs As Seed Capital Companies which were hoping to fulfill their corporate social responsibility (CSR) obligations, introduced by the recently enacted Companies Act, 2013, through the easy route of donations or activities that would exclusively benefit their employees and families are in for a rude shock.
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Companies to spend Rs 15,000-20,000 cr a year on CSR: Pilot
Under the new Companies Act, 2013, all profitable companies with a sizeable business will have to spend every year at least 2% of 3 year average profit on CSR works Expecting an annual CSR spending of Rs 15,000-20,000 crore by India Inc, Corporate Affairs Minister Sachin Pilot has asked companies to see the new law as an investment opportunity to create a better work environment, rather than a forced expenditure.
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Draft Rules under Companies Act, 2013
<p>This is the first set of draft rules for various clauses of the new Companies Act 2013 released by the government.</p>
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The Companies Act, 2013
This Companies Act 2013 passed by the government includes several changes to govern the operation and social responsibilities of corporates. It will replace the Companies Act, 1956.
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Backgrounder on the Companies Act, 2013
The Companies Bill, 2012, on receiving the assent of Honorable President of India on August 29, 2013, was notified in the Gazette of India on August 30, 2013 as the Companies Act, 2013 (18 of 2013). The