Power to issue directions just grew

The power of the government to “issue directions” has made an entry into company law. The first step has been taken in Section 135 — the provision that seeks to change the regime from encouragement of voluntary expenditure on corporate social responsibility (CSR) into a criminal-sanction-based mandatory obligation to spend.   This column is not about the criminalisation of CSR, on which much ink has been expended. Section 135 has been amended to insert a specific sub-section that stipulates that the “government may give such general or special directions.....

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