Weighty watch

The Companies Bill, 2012, is up for consideration in the Rajya Sabha in the Monsoon session of Parliament, which begins on August 5, and Corporate Affairs Minister Sachin Pilot is confident it will pass. Having been passed by the Lok Sabha, the Bill provides for more stringent regulations on corporate governance and corporate social responsibility. But Assocham President and YES Bank chief Rana Kapoor suggests that the document is weighty in other ways, one of which is literal. "The new Companies Bill has a weight of three kg," he told journalists, which could be a pointer to the level of scrutiny companies operating in India will face in the future.