The Committee constituted by the Ministry of Corporate Affairs for Reforming the Regulatory Environment for doing Business in India, headed by Shri M. Damodaran, presented its Report to the Ministry.

The Committee has made a number of recommendations that can be classified as: legal reforms, regulatory architecture, boosting efficacy of regulatory process, enabling MSME’s, and addressing State level issues.

The recommendations of the Committee and the time frame for implementation are under consideration of the Ministry of Corporate Affairs.

Regulatory reform recommendations propose legal, architectural and MSME measures; ministry consideration pending on implementation. A committee report submitted to the Ministry of Corporate Affairs, chaired by M. Damodaran, recommends reforms grouped as legal reforms, regulatory architecture, boosting regulatory process efficacy, enabling MSMEs, and addressing state-level issues; the Ministry is considering the recommendations and their implementation timeframe.