Removal of company names: committee recommends no change to Chapter XVIII, preserving the existing removal framework.
The Committee reviewing proposed amendments reported no recommendation to alter the existing statutory regime governing removal and deregistration and expressly left Chapter XVIII intact, so present procedural and substantive provisions for removal of company names under the Companies Act remain to apply without amendment.

Government companies: committee recommends no change to statutory provisions governing their regulation under the Companies Act.
A legislative review concluded with a no-change determination for the statutory provisions governing government companies in Chapter XXIII of the Companies Act, leaving the existing regulatory framework and compliance obligations for government companies intact.

Filing delay framework: clarify limited immunity for certain statutory filings and increase additional fees to deter non compliance.
The Committee recommended clarifying that the 270 day additional fee immunity from prosecution applies only to six specified statutory filings (declaration of beneficial interest, annual returns, resolutions and agreements, listed-company AGM reports, financial statements, and director identification intimation), substantially increasing additional fees to deter non compliance, reducing the ordinary filing fee to zero for filings made within the original prescribed period, and specifying in the Rules that condonation under Section 460 is a separate process and not a prerequisite to filing belated documents.

Power to require company information: proposed creditor and employee salary return mandates deemed already covered, no amendment advised.
Central Government authority to direct companies to furnish information or statistics is the operative mechanism; the Committee reviewed proposals for returns on credits from unsecured creditors and employee-level salary disclosures and concluded these matters were already addressed within the existing statutory and rule framework, recommending no amendments.

Special Courts designation urged to speed corporate prosecutions and allow company members to file complaints.
Establish and designate Special Courts, including subordinate-level courts, to expedite prosecutions; amend the complaint standing provision to insert 'or member' after 'shareholder' to include members of companies without share capital; and make a consequential amendment to compounding provisions to refer expressly to Special Courts alongside other courts permitted to allow compounding following the narrowing of Special Courts' trial jurisdiction.

Rectification of corporate filing errors proposed to allow companies to correct mistakes, altering protection scope for officials.
Proposed amendment targets the ability of companies to correct inadvertent errors in statutory filings by enabling a formal rectification mechanism; the Committee observed that the current protection provision is primarily designed to shield government servants acting in the administration of the Act.

Declaration of dividend: align rules to apply only where dividends arise from accumulated profits transferred to reserves.
The Committee recommends harmonising Rule 3 with the statutory proviso so the rule applies only where dividends are proposed out of accumulated profits earned in previous years and transferred to the reserves, and confirms companies may use the carried forward surplus in the Profit and Loss account for dividend distribution when current year profits are inadequate.

Definition of subsidiary and associate company to be revised; rule defining total share capital proposed for omission.
Proposed amendments revise the definitions of subsidiary and associate company per Committee recommendations and propose omission of Rule 2(1)(r), which defines "total share capital," to align the Rules' terminology with the revised definitional framework.

Charge registration by asset reconstruction companies should be permitted on assets of dormant companies despite filing blocks.
The filing platform currently blocks charge registrations for companies that have not filed statutory returns, preventing Asset Reconstruction Companies from creating or modifying charges on acquired non-performing assets. The Committee found no legal bar to ARCs creating charges on dormant companies' NPAs but identified the MCA-21 system as the operational impediment and recommended modifying the system to allow recognized ARCs to file charge creation or modification to protect ARC interests and enable capital circulation.

Register of Members: transfer of historical member particulars allowed; mandatory updated particulars required for new members.
Proposed amendments allow transfer of member particulars held under the prior law into the Register of Members for companies incorporated before the rules' commencement while requiring full Form MGT-1 particulars for members admitted thereafter, and propose corresponding additions to transfer form SH-4 to capture required data. The package further recommends dispensing with duplicate physical declarations for beneficial interest filings while retaining separate declaration forms, simplifying the Annual Return to avoid duplication with other filings, broadening certification of annual returns to company secretaries in employment, and removing redundant rule provisions to align with statute.

Auditor appointment ratification removed - board may reappoint auditors under statutory procedure following proposed rule amendments.
Removal of the member ratification requirement for auditor appointments is proposed, replacing the current mechanism under which the Board of Directors must appoint another auditor if members do not ratify; only consequential amendments to the Rules would follow.

Managerial appointment reporting: revision limits MR 1 to managerial personnel and narrows remuneration disclosures and thresholds.
The proposals confine Form MR 1 to managerial personnel appointments only, excluding KMPs reported via Form DIR 12, and prune Rule 5 disclosures to a limited set while shifting remuneration reporting to the top ten employees and those above a high remuneration threshold. Secretarial Auditors are to verify existence of board processes and systems for legal compliance rather than certify compliance with all other laws, with reporting to follow Form MR 3.

Permitted securities: proposal to accept vehicles as hypothecation rejected because vehicles are not of same kind as listed assets.
Rule 15(4) of the Nidhi Rules, 2014 limits permissible loan security to gold, silver and jewellery; immovable property; and specified financial instruments. A proposal to allow income-generating vehicles as hypothecated security for urban lower-income members was considered and rejected because vehicles are not ejusdem generis with the categories listed in the rule.

National Pension System expansion: subscriber distribution and outreach measures to boost coverage and enrolment.
Aggregate subscriber totals and Assets under Management for the National Pension System (NPS) are reported with segmental breakdowns for Central and State government employees, corporate and unorganised sectors, and schemes including Atal Pension Yojana (APY) and NPS Lite. Proportional shares of subscribers by segment are noted. Regulatory outreach measures include a Service Week for subscriber awareness and data updation, targeted awareness programmes for wider state-level adoption, a Pension Conclave on coverage and sustainability, and awards to incentivise mobilisation under APY and the voluntary NPS segment.

Offer for Sale oversubscription: EIL OFS saw strong retail reservation and institutional demand, reducing government shareholding.
An Offer for Sale (OFS) of ten percent of paid-up capital included a twenty percent retail reservation with a retail discount and a floor price; indicative bidding exceeded the floor, the OFS closed significantly oversubscribed with strong retail and institutional participation, and the Government's shareholding in the company was reduced to the stated post-offer level.

Cooperative federalism used to resolve intergovernmental implementation issues through ministry-state meetings, vice chairman facilitating negotiated solutions.
Cooperative federalism was operationalised through a structured intergovernmental meeting that brought state officials and multiple central ministries into direct, facilitated discussions to resolve outstanding administrative and implementation issues; most matters were resolved or substantially advanced, and the Aayog positioned the model as replicable for debottlenecking projects and assisting with ministry implementation needs.

PFRDA statutory status prompts NPS Service Week to boost subscriber awareness, data updation, IRA compliance and stakeholder outreach.
PFRDA is observing an NPS Service Week from February 1-6, 2016 to drive subscriber-oriented service, awareness and information dissemination. Intermediaries including nodal officers, POPs, aggregators and the CRA are tasked to promote scheme features, distribute subscriber brochures, update records via S2 forms, convert non-IRA accounts to IRA-compliant status, advise on PRAN updation, and provide transaction statements on request, supported by CRA assistance and wide points-of-interface outreach.

Gold Monetization Scheme licences granted - refinery approvals issued across regions enabling licensed refinery operations under scheme.
Grant of licences under the Gold Monetization Scheme: list of refineries and applicants granted licences as on 19.01.2016, organised by Western, Central and Northern regions with inspection/visit dates and operative status recorded as Licence Granted; notes that an entity already holding a licence for Gold Coin includes bullion within the scope of that licence.

Port capacity expansion to modernize major ports through new projects and dredging to handle larger vessels.
Ministry of Shipping will award 30 projects in 2015-16 involving investments of Rs. 14,225 crores to expand port capacity by 162 MTPA, continuing a program of berth and terminal construction, modernization and mechanization guided by an independent consultant's 101 recommendations. The Ministry is pursuing draft-deepening to at least 14 metres (and up to 17 metres where feasible) and is undertaking dredging to 18 metres at specified Major Ports to accommodate capesize vessels, with dredging investment estimated at Rs. 793 crores.

Joint venture companies for railway infrastructure enable state-majority ownership and long-term concessions to mobilize project funding.
Joint venture companies will be formed with State majority ownership and Ministry of Railways minority ownership to identify projects and financing; after funding is secured, project specific Special Purpose Vehicles will be established with the JV as a mandatory shareholder holding a minimum equity share. The Ministry will enter long term concession agreements with SPVs to govern operation, revenue sharing under existing apportionment formulae, and technical and marketing support. Project land ownership will vest with SPVs to permit commercial exploitation and improve project viability.