Standing Committee Report on Companies Bill,2011

SEE ATTACHMENT

Standing Committee Report on Companies Bill 2011

The Companies Bill, 2011 introduced in Lok Sabha on 14 December, 2011, was referred to the standing Committee on 5 January, 2012 for examination and report thereon, by the Hon'ble Lok Sabha Speaker. The standing committee headed by Shri Yaswant Sinha after several meeting and deliberations have submitted their much awaited report to the speaker on 26th June 2012.

The key contents of the report are:

1. Report of MCA on the treatment of various recommendations of the Standing Committee on their earlier report on Companies Bill 2009, in the Companies Bill 2011.
2. Comments of MCA on various suggestions received by the Standing Committee from the stakeholders during their their deliberation on the Companies Bill 2011.
3. Observations & recommendations of the Standing Committee on the Companies Bill 2011.

The report of Standing Committee has raised fresh hopes of introduction of the Companies Bill 2011 in the monsoon session of the Parliament and which if passed this time , will lead to begining of new chapter for India Inc and  plethora of opportunities for professionals.