An advisory committee will be set up to vet the rules in consultations with various stakeholders, Ramesh said during an interaction with industry leaders on the Act, organised by FICCI.
When FICCI vice-president Sidharth Birla voiced industry’s concerns over the new Act, Ramesh said, “I take the suggestion made by Mr Birla very seriously. We will immediately notify the Rules Advisory Committee and it should vet the draft rules as well. We will put the draft rules and guidelines in public domain for comments and suggestions and then finalise them. Thereafter, the Act will be notified,” Ramesh said.