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Constitution of an Expert Committee to Examine the Possibility of Replacing Multiple Prior Permissions with Pre-Existing Regulatory Mechanism and to Prepare a Draft Legislation

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....onstitution of an Expert Committee to Examine the Possibility of Replacing Multiple Prior Permissions with Pre-Existing Regulatory Mechanism and to Prepare a Draft Legislation <br>News and Press Release<br>Dated:- 7-4-2015<br><BR>In furtherance of Finance Minister's Budget speech, an Expert Committee has been constituted to suggest simplified compliance. The Expert Committee has been constituted w....

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....ith the following composition and terms of reference for examining the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism and preparing a draft legislation for this purpose: A. Composition 1. Mr. Ajay Shankar, Former Secretary, Department of Industrial Policy and Promotion Chairman 2. Mr. Manoj Kohli, Vice-president, Airtel Member 3. Mr. Jaijit Bhat....

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....tacharya, M/s KPMG Member 4. Mr. Siddhartha Sibal, M/s Accenture Member 5. Mr. Chandrajeet Banerjee, Secretary General, Confederation of Indian Industries Member 6. Mr. Manoj Kumar Singh, Joint Secretary, Ministry of Environment and Forests Member 7. Mr. Alok Kumar, Joint Secretary, Ministry of Labour and Employment Member 8. Mr. Dhruba Purkayastha, IFC, the World Bank Group Member....

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.... 9. Mr. Aurodeep Nandi, Senior Economic Advisor, British High Commission Member 10. Mr. Abraham Zachariah, Central Projects Organization, ITC, Bangalore Member 11. Mr. Shailendra Singh, Joint Secretary, Department of Industrial Policy and Promotion Member/ Secretary B. Terms of Reference: i) Study the requirement of various prior permissions with an exhaustive inventory of such permi....

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....ssions; ii) Examine the possibility of replacing these prior permissions with a pre-existing (proposed) regulatory mechanism; iii) Identify safeguards to be put in place while replacing the system of prior permission and integrating these safeguards in the proposed regulatory mechanism; iv) Recommend a framework of the proposed regulatory mechanism; and v) Draft the proposed legislation. ....

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.... 2. The Expert Committee shall submit its report within 30 days.<BR> News - Press release - PIB....