Constitution of the Company Law Committee

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....ences under the Companies Act, 2013 was constituted vide order No. 2/1/ 2018-CL-V dated 13.07.2018. The report of the Committee was submitted to the Hon'ble Corporate Affairs Minister on 27.08.2018. The report, inter alia, made recommendations for re-categorizing of certain offences into 'civil wrongs', de-clogging the NCLT and also touched upon certain essential elements of corporate ....

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....the Company Law Committee consisting of the following members:- S. No. Name of Person/ Institution - Position 1. Secretary, MCA - Chairman 2. Shri T. K. Viswanathan, Ex- Secretary General, Lok Sabha - Member 3. Shri Uday Kotak, MD, Kotak Mahindra Bank - Member 4. Shri Shardul S Shroff, Executive Chairman, Shardul Amarchand Mangaldas & Co. - Member 5. Shri Amarjit Chopra, Senior....

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....zed as 'civil wrongs' along with measures to optimize the compliance requirements under the Companies Act, 2013 and concomitant measures to provide further Ease of Doing Business; ii. Examine the feasibility of introducing settlement mechanism, deferred prosecution agreement, etc., within the fold of the Companies Act, 2013; iii. Study the existing framework under the Limited Liabili....

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....ers, experts (subject specific) who have knowledge or experience in the field of corporate law and representatives from other Ministries or regulators. The Committee may also consult other stakeholders as part of its deliberations. M/s Vidhi Centre for Legal Policy, which is a not-for-profit organization, shall provide legal research assistance to the Committee. 6. The non-official members of the....