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The report of the Company Law Committee (2022) (CLC-2022) recommends various changes to the Companies Act, 2013. The proposed changes include recognising new concepts, fastening the corporate processes, improving compliance requirements, and removing ambiguities from existing provisions. The CLC-2022 also proposes changes to the Limited Liability Act, 2008 to enable producer organisations to incorporate under the Limited Liability Partnership Act, 2008The report of the Company Law Committee (2022) (CLC-2022) recommends various changes to the Companies Act, 2013. The proposed changes include recognising new concepts, fastening the corporate processes, improving compliance requirements, and removing ambiguities from existing provisions. The CLC-2022 also proposes changes to the Limited Liability Act, 2008 to enable producer organisations to incorporate under the Limited Liability Partnership Act, 2008taxmann.com NewsRead More