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Constitution Of An Expert Committee To Examine The Possibility Of Replacing Multiple Prior Permissions With Pre-Existing Regulatory Mechanism And To Prepare A Draft Legislation.

Date : 07 Apr 2015
Location : New Delhi
 

In furtherance of Finance Ministerís Budget speech, an Expert Committee has been constituted to suggest simplified compliance. The Expert Committee has been constituted with the following composition and terms of reference for examining the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism and preparing a draft legislation for this purpose:

A. Composition

1.

Mr. Ajay Shankar, Former Secretary, Department of Industrial Policy and Promotion

Chairman

2.

Mr. Manoj Kohli, Vice-president, Airtel

Member

3.

Mr. Jaijit Bhattacharya, M/s KPMG

Member

4.

Mr. Siddhartha Sibal, M/s Accenture

Member

5.

Mr. Chandrajeet Banerjee, Secretary General, Confederation of Indian Industries

Member

6.

Mr. Manoj Kumar Singh, Joint Secretary, Ministry of Environment and Forests

Member

7.

Mr. Alok Kumar, Joint Secretary, Ministry of Labour and Employment

Member

8.

Mr. Dhruba Purkayastha, IFC, the World Bank Group

Member

9.

Mr. Aurodeep Nandi, Senior Economic Advisor, British High Commission

Member

10.

Mr. Abraham Zachariah, Central Projects Organization, ITC, Bangalore

Member

11.

Mr. Shailendra Singh, Joint Secretary, Department of Industrial Policy and Promotion

Member/ Secretary

B. Terms of Reference:

i) Study the requirement of various prior permissions with an exhaustive inventory of such permissions;

ii) Examine the possibility of replacing these prior permissions with a pre-existing (proposed) regulatory mechanism;

iii) Identify safeguards to be put in place while replacing the system of prior permission and integrating these safeguards in the proposed regulatory mechanism;

iv) Recommend a framework of the proposed regulatory mechanism; and

v) Draft the proposed legislation.

2. The Expert Committee shall submit its report within 30 days.

***

RC/nb

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