Apropos your editorial “Relief for India Inc” (July 18), the ministry of corporate affairs’ announcement to examine and review penal provisions in the Companies Act is indeed a welcome step and should help us move up a little on the Ease of Doing Business index and also act as a confidence building measure for industry.
Such a move should also help bring more competent independent directors who are often shy of accepting a board seat for fear of getting involved in criminal litigation due to actions — intentional or otherwise — of the company's management, on which they may
Such a move should also help bring more competent independent directors who are often shy of accepting a board seat for fear of getting involved in criminal litigation due to actions — intentional or otherwise — of the company's management, on which they may
