<h1>Company law decriminalisation: shift many compoundable offences to civil adjudication and rationalise penalties.</h1> The Committee proposes decriminalising a substantial set of compoundable offences under the Companies Act by shifting 23 offences to the In House Adjudication Mechanism (IAM), omitting seven offences better handled by other laws or contempt/insolvency mechanisms, limiting imprisonment to fine only for eleven offences, and addressing five offences through alternate frameworks; it also recommends rationalising six IAM penalty amounts and retaining criminal treatment for serious non compoundable offences and fraud related defaults.