Published in:
The Economic Times
Pubished on:
21 Dec 2015
Despite a number of changes this year to the Companies Act, 2013, which itself has replaced over 60-year-old legislation, the industry remains an unsatisfied lot and wants many more amendments to make it easier to do business here. Corporate Affairs Ministry is gearing up for more changes in 2016 to the voluminous Companies Act and bring in further clarity on the CSR spending norms.
Legacy seems to be a tough nut to crack as multiple committees, their recommendations and incessant stakeholder pleas continued to loom large over the new companies’ law.