Social issues world Habitat Day



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tarix03.01.2022
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CMD and Chairman: Splitting of CMD role would mean two power centres instead of one but if enforced into a law, the chairman can just appoint a person who agrees with them as MD. Such a thing cannot be forced and should be recommended as best practice rather than be made into a legal provision.

  • Overlapping provisions: The Ministry of Corporate Affairs (MCA) has opposed some of the recommendations made by the committee on the grounds that they concern matters already covered by the Companies Act, 2013. Thus may lead to confusion and effect ease of doing business. For example- some of the recommendations seek to extend jurisdiction to unlisted companies, which are regulated by MCA as per 2013 act.


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