Power of Central Government to direct Companies to Furnish Information or Statistics

23.1 The Committee noted that this chapter contained only one provision, viz., Section 405. The suggestions made under this Section/Chapter related to requiring companies to file returns in respect of credits taken by them from unsecured creditors, and salaries paid by companies to each of its employees. The Committee felt that this issue had already been dealt with, and as such, no changes were warranted in the Act/Rules.

Power to require company information: proposed creditor and employee salary return mandates deemed already covered, no amendment advised. Central Government authority to direct companies to furnish information or statistics is the operative mechanism; the Committee reviewed proposals for returns on credits from unsecured creditors and employee-level salary disclosures and concluded these matters were already addressed within the existing statutory and rule framework, recommending no amendments.