Companies bill 2012 brings focus on corporate compliance in the boards' report

MUKHERJEE, RANJAN

Companies bill 2012 brings focus on corporate compliance in the boards' report - 2013 - 785-788

The Companies bill 2012 through clause 134(5) (e) nd (f) has brought new dimension to the Directors Responsibility Statement (DRS) which is going to provide new responsibility on the compliance professionals once the bill is enacted into a legislation. This article deals with the impact and opportunity in connection with this clause. The Companies Act, 200 introduced new section 217 (2AA) under which four important statements were clubbed under a heading Directors Responsibility Statement.

COMPANY LAW

346.54066

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