Categories: Business

Lower min age for MD, directors to 18: Parliamentary panel

A parliamentary panel suggests lowering the minimum director age to eighteen years. The committee also backs raising the maximum director age to seventy-five years. Special NCLT benches for insolvency matters are recommended for efficient asset resolution. The panel proposes retaining the ten crore net profit threshold for CSR applicability. New provisions will enable seamless re-domiciliation of foreign companies to IFSC.

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