Company Law Committee to review offences, propose re categorisation, and recommend settlement and procedural reforms. A Company Law Committee is constituted to review implementation of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, with a one year initial tenure, named members, legal research support from M/s Vidhi Centre for Legal Policy, and eligibility of non official members for allowances. Its terms of reference include re categorising certain offences as civil wrongs, examining settlement mechanisms including deferred prosecution agreements, reviewing the LLP framework, de clogging the NCLT, addressing bottlenecks in statutory bodies, proposing amendments to provisions and Forms, and submitting phased recommendations.
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Company Law Committee to review offences, propose re categorisation, and recommend settlement and procedural reforms.
A Company Law Committee is constituted to review implementation of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, with a one year initial tenure, named members, legal research support from M/s Vidhi Centre for Legal Policy, and eligibility of non official members for allowances. Its terms of reference include re categorising certain offences as civil wrongs, examining settlement mechanisms including deferred prosecution agreements, reviewing the LLP framework, de clogging the NCLT, addressing bottlenecks in statutory bodies, proposing amendments to provisions and Forms, and submitting phased recommendations.
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