Shri Murli Deora, and Shri R.P.N. Singh for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of corporate affairs

Shri Murli Deora, Union Minister for Corporate Affairs and Shri R.P.N. Singh, Minister of State for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of Corporate Affairs, namely, Companies Bill and International Financial Reporting Standards (IFRS). The Session was well attended by the corporates from across the country. Views of corporates on the various issues relating to the Companies Bill, 2009 including independent directors and their remuneration, Rotation of auditors, Corporate Social Responsibility, Layers of subsidiaries, issue of equity shares with differential voting rights, etc. were sought. In addition, the views of the corporates were also sought on the proposed applicability of IFRS.

After hearing the views of the corporates, Minister and MoS assured the House that the views of the corporates will be taken into consideration while preparing the Companies Bill.

After the Session with the corporates, Minister and MoS had a separate interaction with the Press.