The record
Written from the 1 report below. Nothing here is unsourced.
- A parliamentary panel has recommended lowering the minimum age for company directors to eighteen years and raising the maximum age to seventy-five years.
- The committee has also suggested setting up special NCLT benches for insolvency matters to enable efficient asset resolution.
- It proposes retaining the ten crore rupee net profit threshold for corporate social responsibility applicability.
- Additionally, new provisions would allow foreign companies to re-domicile seamlessly to the IFSC.
What to watch next
- Government response to the recommendations on director age limits.
- Establishment of special NCLT insolvency benches.
- Changes to rules enabling re-domiciliation of foreign companies to IFSC.
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1 report
English national1
All filed from India
Named India · National Company Law Tribunal · Parliamentary Panel
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