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Rajesh Verma committee, recently seen in news, is related to:
- a)Implementation of the Companies Act as well as the Limited Liability Partnership Act.
- b)Evaluate governance of board of banks and examine criteria to select directors, as well as their term
- c)Assess the functioning of the Indian Monetary system
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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Rajesh Verma committee, recently seen in news, is related to:a)Impleme...
The Company Law Committee (CLC), headed by the Corporate Affairs Secretary Rajesh Verma, has recommended that 12 offences under the LLP Act be decriminalised and that LLPs be allowed to issue NCDs to raise funds with the aim of improving ease of doing business for limited liability partnership (LLP) firms.
- Several offences related to timely filings, including annual reports and filings on changes in partnership status of the LLP, not related to fraud have been recommended for decriminalisation.
- the panel has recommended that companies be required to pay penalties for non-compliance, instead of fines which are imposed after a partner or the LLP is found guilty of misconduct by a court.
- The Registrar of Companies would have the authority to levy penalties for any contravention of the LLP Act provisions.
- The CLC has also recommended that LLPs currently not allowed to issue debt securities be permitted to issue non-convertible debentures (NCDs) to facilitate raising capital and financing operations.
- The move is likely to benefit startups and small firms in sectors which require heavy capital investment.
Most Upvoted Answer
Rajesh Verma committee, recently seen in news, is related to:a)Impleme...
The Company Law Committee (CLC), headed by the Corporate Affairs Secretary Rajesh Verma, has recommended that 12 offences under the LLP Act be decriminalised and that LLPs be allowed to issue NCDs to raise funds with the aim of improving ease of doing business for limited liability partnership (LLP) firms.
- Several offences related to timely filings, including annual reports and filings on changes in partnership status of the LLP, not related to fraud have been recommended for decriminalisation.
- the panel has recommended that companies be required to pay penalties for non-compliance, instead of fines which are imposed after a partner or the LLP is found guilty of misconduct by a court.
- The Registrar of Companies would have the authority to levy penalties for any contravention of the LLP Act provisions.
- The CLC has also recommended that LLPs currently not allowed to issue debt securities be permitted to issue non-convertible debentures (NCDs) to facilitate raising capital and financing operations.
- The move is likely to benefit startups and small firms in sectors which require heavy capital investment.
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Rajesh Verma committee, recently seen in news, is related to:a)Impleme...
The Company Law Committee (CLC), headed by the Corporate Affairs Secretary Rajesh Verma, has recommended that 12 offences under the LLP Act be decriminalised and that LLPs be allowed to issue NCDs to raise funds with the aim of improving ease of doing business for limited liability partnership (LLP) firms.
- Several offences related to timely filings, including annual reports and filings on changes in partnership status of the LLP, not related to fraud have been recommended for decriminalisation.
- the panel has recommended that companies be required to pay penalties for non-compliance, instead of fines which are imposed after a partner or the LLP is found guilty of misconduct by a court.
- The Registrar of Companies would have the authority to levy penalties for any contravention of the LLP Act provisions.
- The CLC has also recommended that LLPs currently not allowed to issue debt securities be permitted to issue non-convertible debentures (NCDs) to facilitate raising capital and financing operations.
- The move is likely to benefit startups and small firms in sectors which require heavy capital investment.
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Rajesh Verma committee, recently seen in news, is related to:a)Implementation of the Companies Act as well as the Limited Liability Partnership Act.b)Evaluate governance of board of banks and examine criteria to select directors, as well as their termc)Assess the functioning of the Indian Monetary systemd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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