The Standing Committee of Parliament which thoroughly examined The Companies Bill, 2009, has expressed happiness on the actions taken by the Ministry of Corporate Affairs upon the suggestions of the Committee regarding Corporate Governance and also on having agreed to include Voluntary Guidelines on Corporate Governance appropriately in the Bill.
The Standing Committee on Finance (SCF) in its Twenty-First Report, presented to the Parliament recently, has expressed the desire that all the significant and substantive matters included in the Corporate Governance Voluntary Guidelines 2009 and the Listing Agreement prescribed by SEBI may also be mandated for listed companies and considered for inclusion appropriately in the Bill. For unlisted companies, the Guidelines may remain voluntary, SCF has said in its Report.
