Question : In September 2021, the government has extended the term of ‘Company Law Committee’ (formed in 2019) for how many years ?
a. Oney Year
b. Two Year
c. Three Year
d. Four Year
Ans. a.
Related facts —
- Govt has recently(September 2021) extended the tenure of Company Law Committee by one year till Sept 2022.
- Last year, the Ministry of Corporate Affairs had extended the panel’s tenure till September 17, 2021.
- It is to be noted that the committee has the power to inquire into various issues related to the implementation of the Companies Act and the Limited Liability Partnership Act and give its recommendations to the Government.
- Currently, the 11-member committee is chaired by Corporate Affairs Secretary Rajesh Verma.