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MCA Proposal to Shift NCLT Powers To Regional Directors

January 5, 2019[2019] 101 taxmann.com 31 (Article)
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“Reform” as per the dictionary means “ To amend or improve by change of form or removal of faults or abuses”. However, for the Government of India (GoI), whether the present one or its predecessor, It connotes a different meaning - mess up a well drafted, time tested legislation in the name of recodifying it. The Companies Act 1956 was an effective legislation simple and crisp with least ambiguous provisions.
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