The changes aim at improving corporate governance, increasing transparency and making independent directors more accountable.
New Delhi: The long-pending Companies Bill 2011 was finally cleared by the UPA Cabinet on Thursday. The changes in the Companies Bill aim at improving corporate governance, increasing transparency and making independent directors more accountable.
Along with the Companies Bill, the Cabinet also cleared 26 per cent foreign direct investment in pension and increased the cap in insurance to 49 per cent.
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