First bundle of amendments to the Russian Civil Code is adopted
On 18 December 2012, the draft Federal Law on Amendments to Chapters 1, 2, 3 and 4 of Part One of the Civil Code of the Russian Federation had its third reading in the Russian State Duma. On 26 December 2012, it was further approved by the Federation Council. To come into effect, the draft law must be signed into law by the President of Russia.
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The year 2012 will probably be remembered in the annals of FCPA history as the year of the Guidance.
On 18 December 2012, the lower house of India’s parliament cleared the Companies Bill 2012, in a significant step towards replacing the more than 50-year-old Companies Act 1956.