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

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doing business, and cause appropriate changestherein to reflect the requirements of modern daytrade and commerce.2) Encouraging arbitration to resolvecontractual disputes: It is important that thejudicial authorities are appreciative of the need forquick resolution of disputes that are brought upbefore them. Therefore, it is recommended thatthere should be a mechanism to dis-incentiviseuse of civil courts for resolving contractualdisputes, so as to encourage arbitration as apreferred manner of resolution. Further, it is alsorecommended that appropriate measure may betaken up to create a large pool of persons trainedin the process of arbitration who could beapproached by contending parties to take up theirmatter.Regulatory Architecture3) Carving out clear mandate for a newregulatory authority: Before setting up a new8
egulatory organisation, adequate thought shouldgo into the need for such an organisation, theability to man that organisation appropriately andto invest it with functional autonomy. Setting up anew regulatory organisation should not be a kneejerkresponse to a specific situation or context, buta well thought-out disengagement plan of theMinistry or Department concerned to move awayfrom writing out and implementing regulations.4) Appointments in and supervision ofregulatory authorities: The appointment ofpersons to head regulatory organisations shouldbe attempted in a far more transparent manner. Itis recommended that there should be atransparent system in which the Head of theregulatory organisation and his Board levelcolleagues appear before an appropriateParliamentary Committee once in six months toreport on the developments of the previous sixmonths and the broad plan of action for the nextsix months.9
Page 5: Finally, I wish to place on record
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 50 and 51: from a lack of ownership in regard
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
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has also been noticed that there ar
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No.11/08/2012-CL.VGovernment of Ind
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(b) Hold wide consultations with al
Page 86 and 87:
Independent Panel Review of the Doi
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• 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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