MCA Extends Company Law Committee's Tenure Until September 2024

Last updated: 15 September 2023

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The Ministry of Corporate Affairs (MCA) has granted a one-year extension to the Company Law Committee (CLC), now set to continue its work until September 16, 2024. Established in 2019, the CLC, an 11-member body chaired by Corporate Affairs Secretary Rajesh Verma, reviews and advises on the Companies Act, 2013, and the LLP Act, 2008. This extension will enable the committee to further its efforts on key initiatives like simplifying company law and promoting corporate social responsibility.

The Ministry of Corporate Affairs (MCA) has extended the tenure of the Company Law Committee (CLC) by another one year till September 16, 2024. The CLC was set up in September 2019 to examine and recommend on various provisions and issues pertaining to the implementation of the Companies Act, 2013 and the LLP Act, 2008.

Company Law Committee Tenure Extended to Sept 2024

The CLC is an 11-member committee chaired by Rajesh Verma, the Corporate Affairs Secretary. The other members of the committee include representatives from the Department of Legal Affairs, Department of Economic Affairs, Securities and Exchange Board of India, National Company Law Tribunal, and industry associations.

The CLC has been working on a number of important issues, including the simplification of the Companies Act, 2013, the introduction of a single window clearance system for businesses, and the promotion of corporate social responsibility. The extension of the CLC's tenure will allow it to continue its work on these important issues.

Official copy of the order has been enclosed below

FAQ :

The CLC is an 11-member committee set up by the Ministry of Corporate Affairs to examine and recommend on various provisions and issues related to the Companies Act, 2013, and the LLP Act, 2008.

The CLC is chaired by Rajesh Verma, the Corporate Affairs Secretary.

The CLC was originally set up in September 2019.

The CLC's tenure has been extended by one year.

The CLC works on issues such as simplifying the Companies Act, 2013, introducing a single window clearance system for businesses, and promoting corporate social responsibility.

Attached File : 671907_22610_clc_order_20230913.pdf

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