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LATEST NEWS UPDATES | Prevention of Corruption (Amendment) Act to bring relief for corporate heads -Aman Sharma

Prevention of Corruption (Amendment) Act to bring relief for corporate heads -Aman Sharma

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published Published on May 12, 2015   modified Modified on May 12, 2015
-The Economic Times

NEW DELHI: In a big relief to India Inc, the Modi Government will be moving amendments to the Prevention of Corruption (Amendment) Act, 2013 brought by the UPA, to ensure corporate bosses are not in the dock unless they have expressly connived in or consented to a corrupt act of their juniors.

The original bill brought in 2013 to amend the 1988 Prevention of Corruption Act extended the liability of the commercial organisation to every person "in charge of and responsible" to the organisation for the conduct of its business through a deeming provision.

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The Economic Times, 12 May, 2015, http://economictimes.indiatimes.com/news/economy/policy/prevention-of-corruption-amendment-act-to-bring-relief-for-corporate-heads/articleshow/47241552.cms?from=mdr


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