To investigate into the working of the corporate sector when we have got enough data and, to my mind, we have already got enough statutory powers to see that these abuses are checked and, if possible, completely eliminated. I do not see what this commission can do, whether it can throw nore light on the malpractice that are rampant in the corporate sector. We all know that any commission, that deals with the particular problems of a particular industrial concern. We all know that any commission, that deals with the particular problems of a particular industrial concern. Evidence of the fact that malpractice exist in the corporate sector and the government is aware of it. I was one of the members of the joint select committee on the company law bill, 1998 which ultimately became the company law act, 2000 and in that committee also, enough evidence was brought forward to show that malpractice existed in the corporate sector and certain salutary amendments in the company law were made. In spite of these amendments and in spite of the original companies act, we do find that abuses still perist and the question before us is how to deal with the abuses rather than investigate. To my mind, the real remedy for us is not that of appointing commissions and committees and thereby postpone the solution of an urgent problem but to deal with the problem here and now with the agency which is at our disposal. This agency is the department of company law administration, which is working under the ministry of commerce and industry of the government of India. This agency has again and again, year after year, in its reports complained that they have not got enough personnel to deal with the large responsibilities that have been placed on them.
