Daily Current Affairs Refresher Blog is an attempt by Civil Services Exam toppers from yesteryear, who have come together to provide the most important Burning Issues to candidates all over for free. The high quality content is curated and presented after referring at least two National Dailies, several online resources and National and International Magazines like The Economist, Economics and Political Weekly, Frontline etc. This content, already highly regarded in the IAS community, will be super helpful for MBA and Bank PO aspirants; for anyone who is writing an exam with a GK section or appearing for a GD or Personal Interview. It very often happens that MBA aspirants neglect this part till the very end and then flounder in the GD/PI/Essay stages, due to lack of current affairs knowledge. This blog series should take care of most of those pain points as we present information concisely, so that you can spend just 10-15 minutes daily to come up to speed.
Companies Bill Rewritten…Finally!
It has taken a long time, but better late than never. For the second time in 100 years, India has revised its Companies Act of 1956. The much-awaited Companies Bill aimed at protecting the interest of employees and small investors has been passed by the Rajya Sabha. The Lok Sabha had passed the Companies Bill in December 2012. Experts agree that the legislation is progressive, forward-looking, encourages more disclosures and better governance. Perhaps the most revolutionary aspect of the new legislation is Clause-135 – which makes Corporate Social Responsibility mandatory. It also puts more power in the hands of the shareholders. It paves the way for quick winding up of companies & quicker mergers. TestCracker also acknowledges the exalted level of debate in the Upper House, indicating that there is still hope for restoration of normalcy in the temples of our democracy. We will look into the features of the new bill.
Snapshots from the New Bill
Salient Features of the Bill and Quick Questions
(To see the detailed features and analysis of the bill and to find the answers to the following questions and to continue reading go to this link)
The Need for the new Act
The Road to the new act
The New Companies Bill is progressive
Mandatory CSR- Is it the way forward?
What is a Class Action Lawsuit?
The new law will strengthen the Serious Fraud Investigation Office. What is SFIO?
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