MCA extends the tenure of Company Law Committee by 1 year
NS Ministry of Corporate Affairs (MCA) the term has been extended once again company law committee up to one year 16 September 2022. Corporate Affairs Secretary Rajesh Verma is the current chairman of the committee. The committee was constituted in 2019 and has a total of 11 members.
The committee was constituted to suggest measures to improve the functioning of National Company Law Tribunal (NCLT), To make recommendations on issues relating to the implementation of the Companies Act and the Limited Liability Partnership Act. The tenure of the panel was extended in 2020 also till September 17, 2021.
Important facts for all competitive exams:
- Corporate Affairs Minister: Nirmala Sitharaman.
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