Companies Act 2013: Redefining Corporate Social Responsibility.
The Companies Act of 2013, which became a law after it received assent from President Of India on 29th August 13 is one of those measures. With 29 chapters, 470 clauses and seven schedules, the new law, which replaces the Companies Act of 1956, aims to bring in massive changes in the way companies govern themselves, raise money, interact with stakeholders and contribute to nation-building.
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Responsibility (CSR), this paper analyses the potential implications of mandated CSR under the recently enacted Companies Act, 2013 in India on firm incentives, likely responses of corporates that come under the ambit of the law, implications for resource availability and delivery of social goods, and the.
Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of.
CS Bilu Balakrishnan. This write-up is all about the Internal Audit provisions of Companies Act 2013, read with relevant rules notified by the Govt. of India (erstwhile Ministry of Corporate Affairs). An attempt to critically interpret the provisions in the Rules Vs. Act is made. At the conclusion, few suggestions to improve the effectiveness of the provisions are also added.
Research Paper Series. Abstract: In the wake of accounting frauds and scams in the corporate sector, predicting abnormal or fraudulent behavior is as important as investigating a fraud.
An explainer on changes to the Companies Act, 2013 relating to class action suits in cases of mismanagement of a company by its directors Explore Sign in e-paper New.