Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Cabinet clears Companies Bill; to be taken up this session    </title>
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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot;..."/>
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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot;..." />
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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot; a Corporate Affairs Ministry official said after the Cabinet meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to update the company law in line with the best global practices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill has introduced ideas like Corporate Social Responsibility (CSR), class action suits and a fixed term for independent directors.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Among other things, it also proposes to tighten laws for raising money from the public. The Bill also seeks to prohibit any insider trading by company directors or key managerial personnel by treating such activities as a criminal offence.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, it has proposed that companies should earmark 2 per cent of the average profit of the preceding three years for CSR activities and make a disclosure to shareholders about the policy adopted in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which was originally introduced in Lok Sabha in 2008, lapsed because of change of government. It was reintroduced in August 2009.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Cabinet approval on the Companies Bill, 2009, was pending as the Finance Ministry and MCA failed to reach a common ground on powers to be delegated to the Securities and Exchanges Board of India (Sebi) in case of regulatory overlaps.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Finance Minister Pranab Mukherjee, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Corporate Affairs Minister Veerappa Moily were asked to discuss and iron out issues. The ministers have come to a consensus on the issue, sources in the know said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to them, the Finance Ministry and Sebi have sought review of the provisions which conflicted with the Sebi Act. Apparently, it has been decided that Sebi's view will be upheld in cases where jurisdictions conflict.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/" class="re" target="_blank">The Indian Express, 25 November, 2011, http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Cabinet clears Companies Bill; to be taken up this session    </title>
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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot; a Corporate Affairs Ministry official said after the Cabinet meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to update the company law in line with the best global practices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill has introduced ideas like Corporate Social Responsibility (CSR), class action suits and a fixed term for independent directors.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Among other things, it also proposes to tighten laws for raising money from the public. The Bill also seeks to prohibit any insider trading by company directors or key managerial personnel by treating such activities as a criminal offence.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, it has proposed that companies should earmark 2 per cent of the average profit of the preceding three years for CSR activities and make a disclosure to shareholders about the policy adopted in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which was originally introduced in Lok Sabha in 2008, lapsed because of change of government. It was reintroduced in August 2009.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Cabinet approval on the Companies Bill, 2009, was pending as the Finance Ministry and MCA failed to reach a common ground on powers to be delegated to the Securities and Exchanges Board of India (Sebi) in case of regulatory overlaps.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Finance Minister Pranab Mukherjee, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Corporate Affairs Minister Veerappa Moily were asked to discuss and iron out issues. The ministers have come to a consensus on the issue, sources in the know said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to them, the Finance Ministry and Sebi have sought review of the provisions which conflicted with the Sebi Act. Apparently, it has been decided that Sebi's view will be upheld in cases where jurisdictions conflict.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/" class="re" target="_blank">The Indian Express, 25 November, 2011, http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Cabinet clears Companies Bill; to be taken up this session    </title>
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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot;..."/>
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-The Indian Express


&nbsp;


The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.





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    <h1 class="cat-box-title">Cabinet clears Companies Bill; to be taken up this session</h1>
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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,&quot; a Corporate Affairs Ministry official said after the Cabinet meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to update the company law in line with the best global practices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill has introduced ideas like Corporate Social Responsibility (CSR), class action suits and a fixed term for independent directors.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Among other things, it also proposes to tighten laws for raising money from the public. The Bill also seeks to prohibit any insider trading by company directors or key managerial personnel by treating such activities as a criminal offence.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, it has proposed that companies should earmark 2 per cent of the average profit of the preceding three years for CSR activities and make a disclosure to shareholders about the policy adopted in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill, which was originally introduced in Lok Sabha in 2008, lapsed because of change of government. It was reintroduced in August 2009.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Cabinet approval on the Companies Bill, 2009, was pending as the Finance Ministry and MCA failed to reach a common ground on powers to be delegated to the Securities and Exchanges Board of India (Sebi) in case of regulatory overlaps.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Finance Minister Pranab Mukherjee, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Corporate Affairs Minister Veerappa Moily were asked to discuss and iron out issues. The ministers have come to a consensus on the issue, sources in the know said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to them, the Finance Ministry and Sebi have sought review of the provisions which conflicted with the Sebi Act. Apparently, it has been decided that Sebi's view will be upheld in cases where jurisdictions conflict.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/" class="re" target="_blank">The Indian Express, 25 November, 2011, http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/</a><div class="clear"></div>
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Cabinet clears Companies Bill; to be taken up this session

Published on Nov 24, 2011   Modified on Nov 24, 2011

-The Indian Express   The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. "The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session," a Corporate Affairs Ministry official said after the Cabinet meeting. The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to update the company law in line with the best global practices. The Bill has introduced ideas like Corporate Social Responsibility (CSR), class action suits and a fixed term for independent directors. Among other things, it also proposes to tighten laws for raising money from the public. The Bill also seeks to prohibit any insider trading by company directors or key managerial personnel by treating such activities as a criminal offence. Further, it has proposed that companies should earmark 2 per cent of the average profit of the preceding three years for CSR activities and make a disclosure to shareholders about the policy adopted in the process. The Bill, which was originally introduced in Lok Sabha in 2008, lapsed because of change of government. It was reintroduced in August 2009. Cabinet approval on the Companies Bill, 2009, was pending as the Finance Ministry and MCA failed to reach a common ground on powers to be delegated to the Securities and Exchanges Board of India (Sebi) in case of regulatory overlaps. Finance Minister Pranab Mukherjee, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Corporate Affairs Minister Veerappa Moily were asked to discuss and iron out issues. The ministers have come to a consensus on the issue, sources in the know said. According to them, the Finance Ministry and Sebi have sought review of the provisions which conflicted with the Sebi Act. Apparently, it has been decided that Sebi's view will be upheld in cases where jurisdictions conflict.

The Indian Express, 25 November, 2011, http://www.indianexpress.com/news/cabinet-clears-companies-bill/880082/

Tagged with: Governance transparency

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