In hall packed with business people eager to understand the nitty-gritty details of the Companies Act of 2013, a question about Trusteeship was somewhat at odds.
On the podium was Sachin Pilot, the Minister for Corporate Affairs addressing a gathering hosted by the Confederation of Indian Industry (CII) on 16th September in Mumbai. The minister was being assisted by senior bureaucrats in answering a wide array of questions about operational implications of the new law – rotation of auditors, mergers and acquisition, minority share holder rights and so on.