...The finance ministry on Monday said: "It has been decided to constitute a committee to review the scheme comprehensively keeping in view the new company law and the recent legislations in the financial markets, the current state of the macro economy and the financial markets, the needs of the Indian companies and foreign investors and the need for simplification and legal clarity of the scheme." Apart from Sahoo, the other members of the committee are G Padmanabhan, Executive Director, RBI, S Ravindran, executive director, Sebi, Ajay Shah, NIPFP and PR Suresh, consultant, PMEAC, among others. .......
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