Law inevitable in present circumstances

There is no question of the Union government withdrawing the Prevention of Communal and Targeted Violence (Access to Justice and Reparations) Bill, 2011, Corporate Affairs Minister M. Veerappa Moily said on Sunday

Much had been debated on the Bill since 2005. It had been discussed at all levels of the State. There was a national consensus on the government going ahead with the Bill, he told a press conference here.

On the opposition from some sections of society, the Minister said introduction of the Bill in the present circumstances, in the interest of security and harmony, was inevitable.

When the Constitution was drafted its framers did not expect the “present kind of incidents and conflicts.” To a question, he said the Companies Bill 2011 would be introduced in the winter session of Parliament. It had been listed for approval at a November 24 Cabinet meeting. Under the Bill, it is not mandatory for corporate companies to spend two per cent of their profit on welfare of society as part of their corporate social responsibility. But it will be mandatory for them to disclose and explain why they have not spent a share of profit for society. Companies which spent the money for the purpose should disclose the amount.

To another question on introduction of the Lokpal Bill in the winter session, he said, “Possibly yes.”

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