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December 28, 2011
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Corporate law reform expands e governance and streamlines company compliance through procedural simplifications and digital filings.
Comprehensive corporate regulatory reforms in 2011 focused on introducing the Companies Bill, 2011 and strengthening MCA21 e Governance to expand electronic filing, XBRL monitoring, e payments and digital service of documents; procedural simplifications included 24 hour incorporation, DIN/DPIN integration, delegation of section 25 licences to RoCs, Fast Track and Easy Exit schemes, reduced ROC timelines, and measures to improve LLP governance and investor awareness.
December 13, 2011
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Compounding powers under FEMA delegated to regional offices to settle specified foreign exchange contraventions administratively.
Compounding powers under FEMA are delegated to specified Regional Offices to compound contraventions including delay in reporting inward remittances, delay in filing Form FC-GPR after allotment of shares, and delay in issuance of shares; the delegation establishes a two-tier regime where certain Regional Offices may compound reporting and filing contraventions subject to a monetary cap and principal Regional Offices may compound those contraventions plus delayed issuance of shares without a monetary limit, implemented by a central circular with detailed instructions.

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Acts Income Tax