Disciplinary action upon member arrest: institutes must initiate proceedings, publish case details online, and pursue matters promptly.
On notice of a member's arrest, the institute must obtain details from the law enforcement agency and, if the arrest is confirmed, treat the matter as "information" under the relevant Acts and initiate disciplinary action. If details are not received within three weeks, the institute shall commence proceedings on available information and incorporate subsequent material as appropriate. Institutes must monitor press reports, pursue cases to early conclusion while following procedure, and publish factual case details on their website and in the institute's journal until proceedings conclude.

Company strike-off under Easy Exit Scheme allows defunct companies to apply for name removal with specified filings.
The circular reintroduces the Easy Exit Scheme, 2011 under Section 560 to enable defunct company to apply electronically for voluntary name strike off by filing Form EES, 2011 with professional certification, a sworn affidavit by directors, a notarised indemnity bond, and a recent certified statement of account; the Registrar will examine applications, give notice and opportunity for objections, notify relevant regulators when required, and, if satisfied, strike the name off the Register and publish notice in the Official Gazette.

Reopening of annual accounts allowed only on prescribed grounds; registrars must reject repeat filings not meeting those requirements.
Companies shall not lay more than one set of annual accounts for the same financial year unless the accounts have been reopened or revised after adoption on the specific grounds set out in the Ministry's circular; Registrars of Companies must monitor and reject repeat filings that do not comply with the statutory filing requirements and the Ministry's guidance on post-adoption revision.

Additional fee for delayed filing revised to tiered multipliers by delay period, applicable to forms other than Form 5.
The circular prescribes a tiered schedule of additional fee multipliers for delays in filing statutory forms other than Form 5: two times the normal fee up to 30 days, four times for 31-60 days, six times for 61-90 days, and nine times for delays beyond 90 days; the revised regime applies from 5 December 2010 and is to be implemented by Registrars of Companies and Regional Directors.

Authorized signatory for government companies may complete Easy Exit Scheme filings where no board exists.
When a wholly government-owned company has no board, an administrative ministry officer not below Deputy Secretary may enter required particulars in Form EES and Annexures A, B and C and sign those documents in place of directors for filing under the Easy Exit Scheme, 2010.

Company name strike-off option allows defunct companies to apply for removal from the register under an administrative scheme.
The Easy Exit Scheme, 2010 permits eligible defunct companies to apply electronically in Form EES, 2010 for striking off their names from the Register; applications must be certified by a practising accountant or company secretary, include director affidavits confirming inactivity, a notarised indemnity bond, and a recent audited statement of accounts. The Registrar will examine filings, issue thirty day notices on the portal and to the company, solicit objections from regulators and tax authorities where applicable, and, if satisfied, strike the name off the Register followed by publication in the Official Gazette.

Immunity from prosecution for defaulting companies filing belated documents under a settlement scheme subject to prescribed additional fee and conditions.
The Scheme permits defaulting companies to file belated documents with the Registrar and obtain immunity from prosecution on payment of statutory filing fees plus an additional fee equal to twenty five percent of the standard additional fee; companies must first raise paid up capital to statutory thresholds where applicable, withdraw appeals against prosecutions before applying, and submit an electronic application for an immunity certificate after Scheme closure but within six months; certain filings and companies subject to prior enforcement action are excluded.

Converged Accounting Standards adoption: phased timelines, eligibility cut-offs and mandatory continuity of application clarified.
Phased applicability and procedural rules for adoption of the first set of converged Accounting Standards are specified: Phase I entities must convert opening balance sheets (1 April 2011 for most companies; 1 April 2013 for specified banks and finance entities) and prepare subsequent financial statements under the converged standards, with cut-off balance sheet dates set for determining eligibility. Net worth calculation rules for applicability are prescribed, subsidiaries and group consolidation adjustments are addressed, early adoption is permitted for some group entities, and reversion to prior standards after adoption is not allowed.