NEW DELHI: The government plans to ask companies to disclose the names of lobbyists employed by them and their positions on issues affecting their business as it looks to bring in greater transparency into its dealings with companies that are trying to influence decision-making.
Such disclosures will be voluntary and companies may be asked to list these details in their annual reports , said a senior official with the ministry of corporate affairs.
But they will need to provide an explanation if the information is missing from their annual reports, the person said. He requested anonymity because the ministry was formulating the guidelines.
The ongoing 2G spectrum controversy has brought the role of lobbyists into the limelight. The alleged role of a corporate lobbyist is being probed by investigative agencies.
Such disclosures will be voluntary and companies may be asked to list these details in their annual reports , said a senior official with the ministry of corporate affairs.
But they will need to provide an explanation if the information is missing from their annual reports, the person said. He requested anonymity because the ministry was formulating the guidelines.
The ongoing 2G spectrum controversy has brought the role of lobbyists into the limelight. The alleged role of a corporate lobbyist is being probed by investigative agencies.
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