Govt panel suggests ways to curb shell companies, de-clog NCLT

A Government committee has recommended companies to declare commencement of business in order to curb shell companies. It has also suggested capping independent directors’ remuneration. The report also touches upon certain essential elements related to corporate governance such as the declaration of commencement of business, maintenance of a registered office, protection of depositors’ interests, registration and management of charges, declaration of significant beneficial ownership, and independence of independent directors. Read More >>

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