National   

Companies Bill to be redrafted

New Delhi Oct. 22. The Union Cabinet has returned the Companies (Amendment) Bill 2003, asking the Department of Company Affairs to redraft it.

The DCA had proposed several changes in the Bill, including easing of the provision for independent directors from 50 per cent to two-thirds of the total strength of the Board of Directors. and entirely dropping the clause making a woman director mandatory on every company's board after industry associations and the corporate world had raised serious objections to these clauses

— PTI

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• BJP's poll panel to meet on Nov. 3
• Too little, too late, says Congress about POTA
• Parliament Act cannot solve Ayodhya dispute: Minister
• Infantry gets more firepower
• WTO not a charity: Jaitley
• Companies Bill to be redrafted
• Cong. deplores move to start DD news channel
• "EU in waiting mode on WTO"
• AIDWA accuses BJP of `politicising' rape incident
• Fresh moves for settlement of Ayodhya row
• India, Czech Republic sign agreement
• India, Serbia and Montenegro discuss extradition pacts
• CPCB to test decibel levels of crackers
• 'Haj subsidy will continue'
• Mallika Sarabhai seeks bail

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu