Appointment of Mr Kumar Mangalam Birla as Chairman of the Advisory Committee, Ministry of Company Affairs

Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, has been appointed as Chairman of the Advisory Committee constituted by the Ministry of Company Affairs. The Committee has been mandated to examine matters arising out of the administration of the Companies Act and to suggest a mechanism to make the regulations easier without hampering entrepreneurship.

This newly constituted Advisory Committee is the first of its kind for the Ministry of Company Affairs, and assumes importance especially at a time when the Companies Act is undergoing a comprehensive review. In s;electing a renowned Corporate Leader to chair the Committee, the Ministry of Company Affairs has followed the precedence of choosing business leaders to steer a fresh thinking of various issues concerning the regulatory framework of the Government.

The other members of the Committee are Mr. S P Talwar, former Dy Governor, RBI; Mr. B Swaroop, member, Income Tax Settlement Commission; Mr. Lalit Bhasin, a senior advocate and Prof. S P Narang, a senior professor of management. Mr Jitesh Khosla, Joint Secretary, Ministry of Company Affairs will be the convenor.

The tenure of the Committee is for two years.

(Order Ref No. F No.11/1/2004-CL.V. Government of India, Ministry of Company Affairs. Issued by Mr B M Anand, Joint Director, Ministry of Company Affairs.)