Report of the Committee for Reforming the Regulatory Environment ...

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from a lack of ownership in regard to the regulations.An internal Regulation Review Authority can also begiven the task of reviewing draft regulations that are inthe pipeline in order to ensure that unnecessaryregulations are not given effectto. Making the RegulationsReview Authority also performthe function of reviewingprospective Regulations couldensure that unnecessaryregulations do not come intobeing in order to crowd theAn internalRegulation ReviewAuthority can also begiven the task ofreviewing draftregulations that arein the pipeline inorder to ensure thatunnecessaryregulations are notgiven effect to.already crowded regulatory landscape.4.12 The frequency with which regulations areamended and new regulations brought into effect hasan unsettling effect on the conduct of business. It islegitimate to presume that persons who invest inbusiness ventures would like to have a clear idea of theregulatory environment in which their businesses existand function. As in the case of legislation, it is50
important to ensure that there is continuity and clarityin the content of regulation. It has been noticed thatvery often regulations are brought into effect in orderto address a single instance of transgression ormisdemeanour, or even non-compliance, intentionallyor otherwise, with the content or form of existingregulations. In some cases, it is entirely possible that aconstructive interpretation of existing regulations couldaddress the problem on hand. Yet, regulatoryauthorities worldwide have been known to write newregulations as a kneejerk reaction to some solitaryinstance of non-conformist behaviour.Sunset Provisions in Regulation4.13 A ‘Sunset Provision’ refers to statutory orregulatory or policy provision providing that a particularagency, benefit, or law will expire on a particular date,unless it is reauthorized by the appropriate authority.51
Page 5: Finally, I wish to place on record
Page 8 and 9: doing business, and cause appropria
Page 10 and 11: 5) Autonomy of regulatory authoriti
Page 12 and 13: 11) System of advance ruling: It ha
Page 14 and 15: Enabling MSMEs15) Setting up a over
Page 16 and 17: 19) Incentivising regulatory reform
Page 18 and 19: and keen to attract both domestic a
Page 20 and 21: unravel the regulatory maze and to
Page 22 and 23: those recommendations in the contex
Page 24 and 25: modern day trade and commerce. The
Page 26 and 27: 2.3 It is imperative that persons i
Page 28 and 29: increasing evidence that the lower
Page 30 and 31: into the need for such an organisat
Page 32 and 33: the administrative Ministry because
Page 34 and 35: appointment is finalised. To appoin
Page 36 and 37: The present practice invariably is
Page 38 and 39: place in the revised regulations. I
Page 40 and 41: hesitant to drop the investigation
Page 42 and 43: e approached by persons who are not
Page 44 and 45: unsuspecting public often leads to
Page 46 and 47: 4.9 Having regard to India's federa
Page 48 and 49: different aspects of the same subje
Page 52 and 53: 4.14 Sunset provisions have been us
Page 54 and 55: new regulation. It is only when the
Page 56 and 57: proposal. One of the alternatives c
Page 58 and 59: would necessitate capacity-building
Page 60 and 61: Chapter FiveEnabling MSMEs5.1 MSMEs
Page 62 and 63: detailed information regarding the
Page 64 and 65: Chapter SixAddressing State Level I
Page 66 and 67: information on the procedural and s
Page 68 and 69: wheel in regard to practices and pr
Page 70 and 71: Chapter SevenAction on the World Ba
Page 72 and 73: usiness. This is a parameter in res
Page 74 and 75: within the applicable collateral an
Page 76 and 77: has also been noticed that there ar
Page 78 and 79: No.11/08/2012-CL.VGovernment of Ind
Page 80 and 81: (b) Hold wide consultations with al
Page 86 and 87: Independent Panel Review of the Doi
Page 88 and 89: • The report relies on a narrow i
Page 90 and 91: ecause they involve aggregating acr
Page 92 and 93: cardinal scores as being more infor
Page 94: 10. Improve the report’s communic

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