ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Companies Act Amendment Bill-Corporate Regulation in Reverse Gear

The government has colluded with corporate managements to permit the most blatant violations of the provisions of the Companies Act relating to issue of prospectus, financial disclosure, inter-corporate investments, managerial remuneration and restraints on dealing with organisations in which the management is interested. It is against this background that the provisions of the Companies Act Amendment Bill, now before parliament, need to be assessed.

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