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Tuesday, Dec 07, 2021
Outlook.com
Legislation

No Act Of Corporate Democracy

The Companies Bill does little for shareholder protection, though industrialists do benefit

No Act Of Corporate Democracy
No Act Of Corporate Democracy
outlookindia.com
-0001-11-30T00:00:00+05:53

"Shareholders have been ignored."
"Companies have no freedom."
"The government is a dictator."

THESE are some of the reactions to the much-awaited Companies Bill. Tabled in the Rajya Sabha in the last hours of the Monsoon session of Parliament, the Bill appears to have failed to fulfil its promises of providing a better corporate environment and lifting the sagging morale of the corporate sector.

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