Categories: Economy

MCA extends the tenure of Company Law Committee by 1 year

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.

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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.

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Minister of Corporate Affairs: Nirmala Sitharaman.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.