Legislative
Risk Factors
•DCA Vision Statement – Towards simplified corporate laws facilitating growth of corporate sector
•Dilution of much awaited Companies Bill 2003
•All expert reports suggest further liberalisation and simplification of law
•Naresh Chandra II Committee recommends concessions to small companies and says that the company law was made in days of License Raj and now it must change for enhancing competitiveness of India
•We still find English Case Laws for Non-Compliance of Law