The report presents the detailed reasoning along with the recommendations of the Committee on the need to review the existing regulatory mechanism in order to foster a better corporate compliance environment. The main recommendations of the Committee are Restructuring of Corporate Offences to relieve Special Courts from adjudicating routine offences, De-clogging the NCLT and recommendations related to corporate compliance and corporate governance.
from taxmann.com News https://www.taxmann.com/topstories/222330000000016468/mca-releases-report-of-‘committee-to-review-offences-under-the-companies-act-2013’.aspx
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