Company Law Committee Recommendation to amend the Companies Act, 2013

Ministry of Corporate Affairs, on 13^th April 2022, has published the ‘Company Law Committee (CLC) Report 2022’ for public comments. Vide this report, a lot of recommendations are being proposed for amendment to the Companies Act, 2013 (the Act). These recommendations can be broadly basketed into those relating to ease of doing business, restoration of some provisions of Companies Act, 1956, towards digitization, strengthening corporate governance framework, etc.

This MMJC insight covers the key changes recommended in the CLC Report and is divided into 3 parts viz.,

1. New concepts recommended
2. The recommendations of CLC w.r.t. strengthening Corporate Governance
3. The recommendations of CLC w.r.t. Digitisation

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