The new Companies Bill that rewrites the 56-year old law incorporating social responsibility obligations on corporates and recasts the SFIO with powers of prosecution and arrest may see the light of the day in the coming Monsoon Session of Parliament.
However, the government is not in favour of making the CSR obligations mandatory against the backdrop of stiff resistance from the corporates.
Cos Bill likekly to come up in Monsoon Session: Moily
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