Use insolvency code as a last resort, says panel on stalled housing projects thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The government is learnt to be mulling applying stricter regulations on startups through a panel, according to reports.The Corporate Affairs Ministry panel, known as the Company Law Committee (CLC), formed in 2019, is likely to look into the .
The panel is looking into various aspects of the digital markets as well as various regulations that are there, an official said, adding that consultations are going on.
The ministry of corporate affairs (MCA) Friday said it has decided to withdraw 7,338 prosecutions pending before various courts in the second round of a special drive to cut litigations and ensure greater ease of doing business. The move will result in a 21.86% decline in the number of pending prosecutions being pursued by the central government, the ministry said.
Finance Minister Nirmala Sitharaman on Tuesday reviewed progress of implementation of Budget schemes with secretaries of finance ministry and Corporate Affairs Secretary.