Company law reform: committee to review corporate offences and recommend recategorization and procedural compliance improvements. A Company Law Committee has been constituted, chaired by the Secretary, MCA, with non-official members and a Member Secretary, to examine implementation of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Its terms include recommending re-categorization of certain offences as civil wrongs, exploring settlement mechanisms including deferred prosecution agreements, reviewing the LLP framework, proposing measures to de-clog the NCLT, addressing bottlenecks affecting statutory bodies, and identifying amendments and Form revisions to enhance Ease of Doing Business; the Committee has a one-year initial tenure and may co-opt experts and stakeholders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company law reform: committee to review corporate offences and recommend recategorization and procedural compliance improvements.
A Company Law Committee has been constituted, chaired by the Secretary, MCA, with non-official members and a Member Secretary, to examine implementation of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Its terms include recommending re-categorization of certain offences as civil wrongs, exploring settlement mechanisms including deferred prosecution agreements, reviewing the LLP framework, proposing measures to de-clog the NCLT, addressing bottlenecks affecting statutory bodies, and identifying amendments and Form revisions to enhance Ease of Doing Business; the Committee has a one-year initial tenure and may co-opt experts and stakeholders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
