The government has said that the it will introduce Companies bill 2011 in forthcoming monsoon session of Parliament.

After releasing a book on Innovative March to New Horizon of Corporate Growth in New Delhi on Monday , Corporate Affairs Minister M. Veerappa Moily told reporters that the Bill as introduced in the Lok Sabha in a revised form in late 2011 is still with the Parliamentary Committee on Finance.

Apparently the Committee was not able to finaliased their recommendations in time and government hope that it will table at the very beginning of the Monsoon session.

Giving the details of his ministry's achievement, Mr. Moily said that his ministry was seeking approval of the Cabinet to introduce Competition (Amendment) Bill 2012. The Cabinet has decided to refer the pertinent issues for consideration by Group of Ministers. He said the Ministry has constituted a Committee to draft the National Competition Policy.

After detailed deliberations, the draft is ready and necessary steps are afoot for submission of note to cabinet.

The minister said that a committee appointed under the chairmanship of Mr. Adi Godrej to formulate the National Policy Guidelines on Corporate Governance is making good progress and it should be possible to have the draft policy framework ready for public discussion and debate by the end of next month or early August this year.

AIR correspondent reports that Corporate Ministry has planned number of steps to try and develop Corporate Social Responsibility, CSR as an important tool for nation building.

In the new economic environment, private sector must collaborate with the government in dealing with welfare of the weaker section of society.