Explained: Lok Sabha has passed amendments to The Companies Act. Here’s what they are

Lok Sabha has passed The Companies (Amendment) Bill, 2019.The Bill seeks to amend The Companies Act,2013. Under the 2013 Act,there were 81 compoundable offences that carry punishments of a fine and/or prison terms.These offences were heard by courts.  The Bill makes 16 of these offences civil defaults where government appointed adjudicating officers may levy penalties.Some… Continue reading Explained: Lok Sabha has passed amendments to The Companies Act. Here’s what they are

Cumulative spending on CSR crosses ₹50,000 cr

According to Crisil Foundation,Cumulative spending on corporate social responsibility (CSR) has crossed the ₹50,000-crore-mark four years after the legislative mandate was implemented. The highest CSR funding went to (a)education (b)skill development (c)healthcare and (d)sanitation.While the spending on national heritage protection has tripled and that on sports promotion has more than doubled since 2015. Corporate social… Continue reading Cumulative spending on CSR crosses ₹50,000 cr