Complying with the proposed amendments to the Prevention of Corruption (Amendment) Bill, 2013

With the Prevention of Corruption (Amendment) Bill, 2013, being passed in the Lok Sabha, India has taken the first step towards building an effective legislation to curb bribery and corruption. As per the provisions of the Bill, all aspects of passive bribery, including the solicitation and acceptance of bribe through intermediaries can be considered an offence. The impending enactment of this Bill is likely to prompt corporate India to re-look at the practices employed while dealing with government officials.

To help organizations understand the scope and implications of this Bill, and to help them take necessary action to comply with the proposed provisions, Deloitte India has released a point of view document. The document discusses the following aspects:

• Impact of the proposed amendments on commercial organizations
• Understanding if your current anti-bribery and corruption program will comply with the provisions of the Bill 
• Effectiveness of your organization’s fraud risk management program in detecting instances of bribery
• Monitoring third party business practices 
• Developing an effective vigil mechanism