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Govt wants industry to trade in CSR18-NOV-09
Union Minister for Corporate Affairs Salman Khurshid has asked the industry to propose a corporate social responsibility (CSR) system that rewards the industry.
'No cap on CEO's salaries in new Companies Bill'05-NOV-09
Minister of State for Corporate Affairs Salman Khurshid said today here that the government did not try to control salaries of the CEOs, as it should be decided by the shareholders.
MCA's new motto: Friend first, regulator later04-NOV-09
Ministry moves to cut subjectivity in decision making, delegates more powers to Registrar of Companies.
No 'vulgar' salaries please, Khurshid tells India Inc05-OCT-09
Parliamentary panel to debate remuneration of CEOs.
Govt committed to expedite new company law: Khurshid28-SEP-09
Corporate Affairs Minister Salman Khurshid has said the government is committed to introducing the new Companies Bill expeditiously as it would help firms grow fast.
Sunanda K Datta-Ray: Curbing costly chiefs26-SEP-09
Provided they have all the details, shareholders are best placed to do this.
'Pledging of shares allowed us to save Maytas Infra'22-SEP-09
The Satyam scam will not deter the corporate affairs ministry from going ahead with its plans to de-regulate the corporate sector. The proposed Companies Bill, 2009, which is under the consideration of a parliamentary committee, will not have any major Satyam-triggered changes, according to Corporate Affairs Minister SALMAN KHURSHID. In an interview with Joe C Mathew, the minister gives an overview of his plans for the ministry and various autonomous institutions attached to it.
Audit firms may face action for wrong-doing23-AUG-09
The ministry of company affairs (MCA) intends to insert a clause in the Companies Act that will make audit firms also liable to prosecution as against the existing provisions that limits penal action only to chartered accountants.
New act would fix independent directors' role: Khurshid07-AUG-09
The government said today the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law.
Govt re-introduces Companies Bill03-AUG-09
The government today re-introduced Companies Bill in the Lok Sabha to replace a 52-year-old law and simplify regulations dealing with formation, mergers and acquisitions and winding up of companies.
Companies Bill likely to be re-introduced this week29-JUL-09
The new Companies Bill, 2008, which lapsed after the 14th Lok Sabha was dissolved, is likely to be re-introduced in Parliament this week, official sources said.
Satyam scam an aberration, new Companies Bill soon: Govt09-JUL-09
Terming the nearly Rs 10,000 crore scam in Satyam Computers as an aberration, the government today said the proposed new Companies Bill provides more stringent provisions to avoid such frauds in the future.
No cap on executive pay: Khurshid05-JUL-09
Corporate affairs minister also rules out private sector job quota.
New Cos Bill to be more clear on role of independent directors04-JUL-09
The government today said that a new companies bill to be introduced in the country will be clearer about the role and accountability of independent directors on the board of companies.
Govt clears re-introduction of Companies Bill02-JUL-09
The Cabinet cleared re-introduction of the Bill, which lapsed following the dissolution of earlier Lok Sabha without any changes.
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