Source: IE Subject: Important Bill and Act Context: The Union Cabinet has moved the Corporate Laws (Amendment) Bill, 2026, in the Lok Sabha, subsequently referring it to a 31-member Joint Parliamentary Committee (JPC) for detailed scrutiny. About Corporate Laws (Amendment) Bill, 2026: What it is? The Corporate Laws (Amendment) Bill, 2026, is a strategic legislative …
Source: TOI Subject: Bills and Act Context: The Supreme Court of India has ruled that Corporate Social Responsibility (CSR) must inherently include environment and ecology, holding that CSR spending on environmental protection is not charity but a constitutional obligation under Article 51A(g). About Corporate Social Responsibility (CSR): What it is? Corporate Social Responsibility (CSR) refers …
Source: BS Context: Shri Nitin Gupta (Retd. IRS), former CBDT Chairman, has taken charge as the new Chairperson of the National Financial Reporting Authority (NFRA). About NFRA (National Financial Reporting Authority): What is NFRA? NFRA is an independent regulatory authority under the Ministry of Corporate Affairs, tasked with improving transparency, credibility, and quality of financial …
Introduction: A bill to amend the Companies Act 2013 and decriminalise various offences under it was introduced in Lok Sabha. Minister of State for Finance Anurag Thakur introduced the Bill in the lower house, making it clear that the government was not looking to decriminalise non-compoundable offences. The Bill was introduced amid opposition by members …
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