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    <title>GLIMPSES OF REPORT OF ‘THE COMPANIES LAW COMMITTEE’ – PART I</title>
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    <description>The Committee proposes targeted amendments to clarify key definitions (including Associate Company, Joint Venture, Debenture, Net Worth and Subsidiary tests) and to harmonise thresholds and Removal of Difficulty orders; streamline incorporation and registered office formalities, permit certain employee authorisations, shorten name reservation, and allow self declarations; reform prospectus and private placement rules by reallocating disclosure responsibilities, eliminating select filing requirements, prescribing offeree recordkeeping by companies, specifying board resolution content for debenture offers within borrowing limits, and retaining valuer reports for regulatory inspection; adjust deposit acceptance conditions including conditional restoration after defaults and exemptions for promoters/QIBs and start ups; and grant prescriptive exemption powers for registration of charges.</description>
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      <description>The Committee proposes targeted amendments to clarify key definitions (including Associate Company, Joint Venture, Debenture, Net Worth and Subsidiary tests) and to harmonise thresholds and Removal of Difficulty orders; streamline incorporation and registered office formalities, permit certain employee authorisations, shorten name reservation, and allow self declarations; reform prospectus and private placement rules by reallocating disclosure responsibilities, eliminating select filing requirements, prescribing offeree recordkeeping by companies, specifying board resolution content for debenture offers within borrowing limits, and retaining valuer reports for regulatory inspection; adjust deposit acceptance conditions including conditional restoration after defaults and exemptions for promoters/QIBs and start ups; and grant prescriptive exemption powers for registration of charges.</description>
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