NCLT Key To Efficient Exit By Investors, Shareholders: Balbir Singh
  • Elizabeth George
  • Aug 08 2013

August 8: The Companies Bill, 2012, passed in Rajya Sabha today, makes the National Companies Law Tribunal (NCLT) responsible for helping to wind up of business in India. DSK Legal Partner Balbir Singh says, “NCLT will be key to ensure an efficient exit for investors and shareholders.” Talking about enforcing the mandated CSR, JSA Partner Lalit Kumar says, “There is no penalty for non-compliance with CSR, except for board disclosures.”