The Companies Bill (Amending the 1954 Companies Act)

The Lower House of Indian Parliament has amended the law to incorporate the latest trends of the corporate world and provide a boost to the corporate sector of the country

Issuer name

Ministry of Corporate Affairs

More information

The Act makes it mandatory for profit-making companies to spend on activities related to CSR. If a company does not do so, it will have to explain the reasons for it (section 135).

Comply or explain

True

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Status

Current

Country

India

Region

Asia Pacific

Date of publication

2011

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument