The Company Law Committee constituted in June 2015 to make recommendations on the issues related to implementation of the Companies Act 2013 submitted its report to the Government in February 2016.
After extensive consultations with the stakeholders, the Committee has proposed changes in 78 sections of the Companies Act 2013 which would result in about 100 amendments to the Act. Further, 50 amendments to the Rules have also been proposed. The Committee has endeavoured to reconcile the competing interests of the various stakeholders keeping in mind the difficulties and challenges expressed by them and also being mindful of the Government’s objective of furthering ease of doing business, encouraging start-ups, and the need for harmonising various laws.
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