Monday, July 16, 2018

MCA constitutes a 10-Member Committee to review the offences under Companies Act, 2013

The Government has constituted a Committee to review the offences under Companies Act, 2013. The Committee may invite subject matter experts relating to corporate law, SEBI, RBI, C&AG or any other subject matter. Among other terms of reference the Committee would also examine, the nature of all ‘acts’ categorized as compoundable offences and the existing mechanism of levy of penalty under Companies Act,2013.

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