The new Companies Bill is likely to be taken up in the upcoming session of parliament, Singh said at an Assocham event here.
The new Companies Bill is back with the Parliamentary Standing Committee on Finance as the committee wanted to discuss certain issues and suggestions of the stakeholders, he added.
When asked if the proposal of 2% CSR spend is the main bone of contention, Singh refused to clear the air but said, we have continued in the spirit of the Parliamentary Standing Committee on Finances suggestions and we will continue to do that.
The new Companies Bill, which was first introduced in the Lok Sabha in 2008, seeks to give a fillip to the cause of corporate social responsibility and corporate governance.
Besides, the Bill will make it mandatory for firms to maintain their documents in electronic format.