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.