Consider the following statements with respect to Company Law Committee(CLC).
1. CLC was formulated to promote each of doing business to law abiding corporates, to foster improve corporate compliance for stakeholders and to address issues impacting the working of companies.
2. It is an 10-member committee constituted in 2019 by MCA to examine and make recommendation to the government on issues related to implementation of the companies Act 2013 and the Limited Liability Partnership Act 2008.
3. The ministry of Corporate Affairs (MCA) has extended the tenure of the CLC by one year.
Choose the correct statement/s.
A. 1 Only
B. 1 & 2 Only
C. 1 & 3 Only
D. 1, 2 & 3
Answer: 1 & 3 Only
Explanation:
CLC is an 11-member committee constituted in 2019 by MCA to examine and make recommendation to the government on issues related to implementation of the companies Act 2013 and the Limited Liability Partnership Act 2008.
UPSC Daily Current Affairs Quiz Test 28 September 2021 Click Here