The J.J Irani Committee was formed by the Government of India in 2004 to comprehensively revise the Companies Act of 1956 and make recommendations. The committee was tasked with simplifying and compacting the law, enabling easy interpretation, providing flexibility, protecting stakeholder interests, and addressing issues arising from revisions to the Companies Act. Some of the key recommendations included implementing strong corporate governance practices, establishing a framework for self-regulation and accountability, imposing heavy penalties on companies that do not file documents correctly or make incorrect disclosures, and carefully reviewing processes like name changes and changes to company directors.

1. J.J IRANI COMMITTEE
Subject: Ethics and Corporate Social Responsibility
Submitted by: Shobhit Nautiyal
Submitted to:

2. About this Committee
 Government had undertaken an exercise to comprehensively revise the Companies Act, 1956 to
enable a simplified compact law to replace the existing Act, that would address the changes
taking place in the national and global economic scenario, enable adoption of internationally best
practices as well as provide adequate flexibility for timely evolution of new arrangements to meet
the requirements of the corporate sector in India.
 The Government of India constituted an expert committee on company law on 2 December 2004
under the chairmanship of Dr J.J.

3. Recommendation made by J.J Irani committee
Accordingly, on August 4, 2004 the Ministry of Company Affairs had published a Concept Paper on Company
Law on its website to enable a broad-based examination of various Company Law issues requiring revision. A
large number of comments and suggestions were received on the Concept Paper. Later, on December 2,
2004, the Government constituted an Expert Committee on Company Law under the Chairmanship of Dr. J.J.
Irani to make recommendations on :
a. Issues arising from the revision of the Companies Act, 1956.
b. Responses received from various stakeholders on the Concept Paper.
c. Bringing about compactness by reducing the size of the Act and removing redundant provisions;
d. Enabling easy and unambiguous interpretation by recasting the provisions of the law;e.
Providing greater flexibility in rule making to enable timely response to ever-evolving business models;
f. Protecting the interests of stakeholders and investors, including small investors.
g. Any other issue related, or incidental, to the above.

4. some others recommendations
 Various effective measures to be taken for protecting the interest of stakeholders and investors basis for sound
corporate governance practices.
 Self regulation: A proper framework for Responsibilities, self regulations with clear accountability should be
there in the company if such system work effectively implemented it would be great benefit for shareholders as
well as the company.
 Non filing or incorrect disclose: the committee has strongly recommended that companies indulging in non
filling of document or incorrect discloser should be dealt with strict actions. Such as heavy penalty
 Make a check: to check on this there should be random security of filing of corporate which should be done
out by registration authority.
 Name change: the committee wants that authority should clear carefully review the whole system for change of
name.
 Directors- details, change in directors
 Board of directors-
 Appropriate framework- legalities, and laws