Bankruptcy Law Reform Committee submits its Report to the Union Finance Minister Shri Arun Jaitley ; Government invites comments on the report from the stakeholders by 19th Novemebr,2015

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..... Bankruptcy Law Reform Committee submits its Report to the Union Finance Minister Shri Arun Jaitley ; Government invites comments on the report from the stakeholders by 19th Novemebr,2015 - News and Press Release Dated:- 4-11-2015 - News - The Finance Minister Shri Arun Jaitley, in his Budget Speech 2015-16 , had identified Bankruptcy Law Reform as a key priority for improving the ease of doin .....

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..... g business and had announced that a comprehensive Bankruptcy Code, meeting global standards and providing necessary judicial capacity, will be brought in fiscal 2015-16. The Government had constituted a Bankruptcy Law Reform Committee under the Chairmanship of Dr. T. K. Viswanathan, former Law Secretary to look into various Bankruptcy related issues and give its report along with a draft Bill o .....

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..... n the subject to the Government. Dr. Viswanathan submitted the Report of the Committee to the Finance Minister Shri Arun Jaitley in his office here today. The Report is in two parts: Volume I titled Rationale and Design and Volume II titled Draft Insolvency and Bankruptcy Bill . The Report, along with a brief summary of the recommendations, has been placed on the website of the Ministry .....

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..... of Finance at www.finmin.nic.in for stakeholder consultation. Comments/suggestions, if any, on the Report may be sent to the OSD (FSLRC Law), Ministry of Finance, Deptt. of Economic Affairs, Room No. 30, North Block, New Delhi 110001, preferably by email at [email protected] by 19.11.2015. After taking the suggestions/views into consideration, the Government will take a final decision .....

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..... on the Report and introduce the Bill in Parliament as early as possible. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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