The Ministry of Corporate Affairs (MCA) has once again extended the tenure of the Company Law Committee by one year until September 16, 2022. Corporate affairs secretary Rajesh Verma is the present chairperson of the committee. The committee was constituted in 2019 and has a total of 11 members.
The committee was set up to suggest measures to improve the functioning of the National Company Law Tribunal (NCLT), make recommendations on issues pertaining to the implementation of the Companies Act and Limited Liability Partnership Act. The tenure of the panel was extended in 2020 also, till September 17, 2021.
Important takeaways for all competitive exams:
- Minister of Corporate Affairs: Nirmala Sitharaman.