Ministry of Corporate Affairs

NOTICE INVITING COMMENTS ON THE REPORT OF THE

COMPANIES LAW COMMITTEE

Dated: 1st February, 2016

The Ministry of Corporate Affairs had, on 4th June, 2015, constituted a Companies Law Committee (CLC) to make recommendations on issues arising from the implementation of the Companies Act, 2013 and on the recommendations received from the Bankruptcy Law Reforms Committee, the High Level Committee on CSR, the Law Commission and other agencies.

The CLC has submitted its Report to the Government on 1^st February, 2016 which has been placed on the website of the Ministry of Corporate Affairs (MCA). The report is available at the following link

http://www.mca.gov.in/Ministry/pdf/Report_Companies_Law_Committee_01022016.pdf

It has been decided to invite comments/suggestions on the said Report from all the stakeholders through an online facility made available on the MCA website upto 15^th February, 2016. It is requested that comments/suggestions on the Report may be provided through such facility by 15^th February, 2016.

Comments/suggestions should be with specific reference to one or more paragraphs of the Report of the CLC and should be submitted through the online facility only. Suggestions not related to the paragraphs will not be taken on record. In order to avoid repetition/duplication of comments/suggestions, the members/ patrons of the Professional Institutes/ Councils/ Industry Chambers should route their comments/ suggestions through respective Institute/Council/Chamber.

Companies law committee report consultation invites targeted stakeholder comments online requiring paragraph-specific submissions and coordinated institutional responses. The Ministry invites stakeholder input on the Companies Law Committee report via a designated online facility; comments must reference specific paragraphs of the report and be submitted only through that portal, while professional institutes and industry chambers are requested to consolidate and route member submissions to avoid duplication.