Back to overview

The Companies Bill

India Current 2012

This Bill makes amendments to the existing Companies Act in regards of corporate governance, however, no reporting developments have been added to this update.

Issuer name

Ministry of Corporate Affairs

More information

In terms of the amendment made to Clause 135 of the Companies Bill, 2011, the words ‘must make every endeavor’ has been substituted by the word ‘shall’, thereby making CSR a mandatory legal requirement, despite not establishing penalties for non-compliance except for a disclosure for noncompliance in the board of directors’ report

Comply or explain

True

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

ESG coverage- G (Governance)

All

Status

Current

Country

India

Region

Asia Pacific

Date of publication

2012

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