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    <title>Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley</title>
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    <description>Restructuring of corporate offence adjudication is recommended to shift routine, primarily technical or procedural, compoundable defaults into a transparent in-house E-adjudication process administered by the Registrar of Companies while preserving rigorous criminal processes for serious offences including fraud. The report further recommends enlarging compounding jurisdiction to de-clog the Tribunal and proposes corporate governance measures such as declaration of commencement of business, enhanced public deposit disclosures, stricter charge filing timelines, transfer of shares with unresolved beneficial ownership to the Investor Education and Protection Fund, deregistration for missing registered office, director disqualification for excess posts, and a cap on independent director remuneration.</description>
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