Indian company law Current Affairs, GK & News
The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil offences as well as review other provisions of the Companies Act and the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..
Topics: Business law • Corporate law • Economy • Indian company law • Insolvency and Bankruptcy Code • Law • Legal entities • Limited liability partnership • Modi administration • National Company Law Tribunal • Partnerships • United Kingdom company law
The National Company Law Tribunal (NCLT) has been set up under the Companies Act of 2013. It has provided an effective and time bound adjudication mechanism to deal with matters related to the Companies Act of 2013, the Insolvency and Bankruptcy Code (IBC) of 2016 and the LLP Act of 2008. It is in news ..
Topics: Amaravati • Andhra Pradesh • India • Indian company law • Indore • Insolvency and Bankruptcy Code • Law • Madhya Pradesh • Modi administration • National Company Law Tribunal • States and union territories of India
The committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recently submitted final report on review of penal provisions of Company Act 2013 to the Union Minister for Finance & Corporate Affairs, Arun Jaitley. The Committee recommended that the existing rigour of the law should continue for serious offences, covering six categories, whereas for lapses ..