By Leith Robotham
Director of Philanthropy, Give2Asia
Over the past several years, India has been updating its corporate law and legal framework to increase transparency, accountability, and align with international business standards. The primary focus of these efforts has been the revision of the Companies Act of 1956.
On December 18, 2012, the Lok Sabha (India’s lower house of parliament) approved the Companies Bill, which, when finally approved, will replace the Companies Act of 1956. Currently, the Companies Bill awaits approval by the Rajya Sabha (India’s upper house of parliament) and will thereafter likely receive assent by the President of India.
The Bill, as approved by the Lok Sabha, consists of 470 sections and contains new provisions dealing with insider trading, independent directors, class actions, a one person company, “sick” companies, fraud, officers in default, and mandatory corporate social responsibility (“CSR”).Continue Reading
Agastya International, a Give2Asia partner that provides mobile science instruction for elementary school students, has been nominated for The Rockefeller Foundations’s Next Century Innovator Award. The foundation compiled a list of 100 Global Innovators that will be voted upon by the public beginning on May 1, 2013. Three winners will receive grants from the Rockefeller Foundation for up to $100,000.
The Civil Society @ Crossroads Initiative is a global effort to discuss the challenges and opportunities of building civil society around the world. Over the past 18 months, regional focal institutions in 16 countries have worked with local partners to identify and contribute relevant trends and case studies. The result is the recently published Civil Society @ Crossroads: Shifts, Challenges, Options, a report that attempts to answer the question, “What are the roles, capacities, contributions and limitations of civil society in the changing local and global context?”
Dasra, an Indian strategic philanthropy foundation, studied the urban sanitation ecosystem, one of India’s most critical development challenges. In preparing the report, Dasra spoke to 25 experts from across government, corporates, non-profits, academia, social businesses and international development agencies. It also formed an Advisory Committee comprised of individuals from among the 25 experts to guide its research, report framework and recommendations.
