Sitting SC judge slams parliament over drafting of Companies - TopicsExpress

Sitting SC judge slams parliament over drafting of Companies Act Justice Sikri Says:. - Cos act drafted in haste. - There appears to be no thinking behind drafting of Cos Act - Legislative authority of parliament has been delegated to rule making authorities within the MCA. Such delegation is not permitted under administrative laws. - Cos act exposes lack of legislative competency. - Legislative intent behind Cos Act is not clear. - Unless remedial measures are taken, Cos Act will cause extensive litigation.

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