September 23, 2019
Summary of Order issued by MCA on 18/09/2019 is provided below:
MCA Order to constitute a Company Law Committee to make recommendations to the Government with respect to implementation of Companies Act, 2013 and Limited Liability Partnership Act, 2008
Through this Order, MCA has constituted the Company Law Committee, whose constitution and terms of reference is to analyse the nature of offences to de-categorize them as “Civil Wrongs” and optimize compliance requirements under the said Acts to promote Ease of Doing Business and propose measures to de-clog and improve NCLT’s functioning etc., The Committee shall submit its recommendations to the Government, from time-to-time, as may be decided by the Chairperson. The term of the Committee shall initially be for a term of one year from the date of its first meeting.