The Companies (Amendment) Bill 2019 cleared by the Cabinet will replace an ordinance issued earlier to help reduce the burden on special courts and to bring down applicable penalties for small companies. In addition, it seeks to bring about a few other changes to the law, which includes the provisions related to CSR. The proposed amendment requires businesses to transfer the CSR amount allocated in specific years to a dedicated fund set up by the government if the company could not utilize it for three years. This would bring accountability to the CSR activities of businesses, said a government official who spoke on condition of anonymity.