Integrated incorporation e-form use expanded to allow separate name approvals, improved data capture, and enhanced resubmission options.
Proposed amendments streamline incorporation by expanding integrated e-form functionality-allowing use of the integrated form after separate name approval, multiple alternative names, increased resubmissions, acceptance of alphanumeric foreign registration numbers and alternative identity proofs, and enabling PAN/TAN/ESIC applications within the integrated form. Measures remove duplicated documentary requirements by pre-filling from DIN data, propose omission of Form INC-10, retain requirement that corporate subscribers be authorised officers, permit typewritten subscriber sheets, accommodate LLP subscribers, clarify one person company membership language, require website disclosure of registered office, and refine shifting and memorandum alteration rules with creditor safeguards.

Differential voting rights: cooling-off period proposed to restore issuance eligibility after defaults under amended share capital rules
The Committee recommends amendments to share capital and debenture rules including a five year cooling off before re issuance of shares with differential voting rights after specified defaults; replacing 'special resolution' with 'resolution' in bonus allotment filings; treating genuine debt to equity conversions as cash allotments for form purposes; permitting notification of member increases in guarantee companies on capital alteration; enabling longer tenor and perpetual debentures and broader collateral security for debentures; modifying Debenture Redemption Reserve on a step down basis with allowance to use excess for immediate redemption; and relaxing sweat equity, ESOP and preferential allotment valuation constraints to support start ups.

Definition of deposit expanded to exempt bona fide business advances, institutional investments, listed debentures and convertible notes with safeguards.
Proposed amendments narrow the definition of deposit by excluding bona fide business advances evidenced by contract (even if outstanding beyond the current 365 day limit) with disclosure; extending exclusion horizons for compulsorily convertible debentures and excluding amounts received directly from regulated institutional investors; permitting exclusion for listed unsecured debentures; exempting certain convertible notes issued to qualifying investors subject to safeguards; retaining existing promoter contribution exemptions; aligning Rules with private company statutory exemptions; and allowing advertisement/website in lieu of individual member circulars.

Infrastructure investment: Summit showcases sectoral opportunities and unveils national infrastructure fund, with sessions on urban, transport, energy, railways and regulation.
The Summit presents infrastructure investment opportunities across sectors and unveils promotional material for the National Infrastructure and Investment Fund (NIIF). It organises ministerial and senior-official panels on urban infrastructure, power and renewables, transport, highways, ports, oil and gas, and railways, and convenes a regulatory-architecture session with finance, macroeconomic and securities regulators. State sessions enable subnational governments to showcase project pipelines to prospective investors, while the concluding segment focuses on railway investment priorities.

Reference Rate for US Dollar updated; cross currency middle rates adjusted and SDR Rupee linkage set to the reference rate.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using that rate together with cross currency middle rates, supplied derived exchange rates for the euro, sterling and the yen against the rupee; the SDR Rupee rate is stated to be based on the published reference rate.

Companies law reform recommends streamlined incorporation, private placement and governance rules to ease compliance and support start ups.
The Committee recommends comprehensive amendments to the Companies Act, 2013 and its Rules to remove ambiguities, simplify regulatory processes, harmonise disclosures with other regulators, and reduce compliance burdens-including revised definitions, streamlined incorporation and private placement procedures, clarified audit and reporting obligations, corporate governance adjustments, calibrated penalties and compounding, and targeted facilitation measures for start-ups.

Auction of Government Securities set for re-issue under price-based multiple price method with non-competitive bidding facility.
Re-issue auctions of Central Government stocks will be conducted by the Reserve Bank of India using a price-based multiple price method, with up to five percent of each notified amount reserved for eligible participants under the Scheme for Non-Competitive Bidding. Competitive and non-competitive bids must be submitted electronically on the RBI's E-Kuber system within specified time windows on the auction day; results and payment/settlement will follow the published schedule. The re-issued stocks are eligible for when-issued trading under RBI guidelines.

Companies Act amendments propose shareholder approval of managerial remuneration and simplified private placement compliance.
Proposed amendments to the Companies Act, 2013 prioritise easing compliance, clarifying corporate relationships and rationalising penalties: shareholder approval for managerial remuneration; revised definitions for associate and subsidiary relationships; recognition and registration of beneficial owners; simplification of incorporation and private placement procedures; alignment of prospectus disclosures with securities regulations; governance changes on independent directors and committee thresholds; enhanced auditor reporting on internal financial controls; limits on reopening accounts; and reduction of procedural penal liabilities.

Treasury bill auction calendar revised; notified issuance schedule set, with flexibility to modify timing and amounts as needed.
The notice provides a revised Treasury Bill auction calendar specifying weekly auctions for 91 day, 182 day and 364 day tenors with notified distributions and quarter totals, and states that the Government of India, in consultation with the Reserve Bank of India, may modify notified amounts and timing as required by market conditions or government needs; changes will be announced by press release and auctions are subject to the prevailing General Notification governing Treasury Bill issuance.

Reference rate for US Dollar set by RBI directs calculation of cross currency exchange rates and SDR Rupee conversion.
Reserve Bank of India set the Reference Rate for the US Dollar at Rs. 67.6728 on February 1, 2016, using that USD benchmark together with middle cross currency rates to calculate and publish the rupee exchange rates for euro, pound sterling and Japanese yen, and to determine the SDR-Rupee rate.

Banking research: diagnose asset quality, credit delivery and leverage risks to inform policy and operational reforms.
Research must address core weaknesses in the Indian banking system-asset quality, capital adequacy, profitability, risk management and governance-by producing empirical, policy oriented analysis of productivity, revenue allocation and delivery models. Priority research domains include agriculture (credit access, concentration, small farmer marginalisation, decline in long term credit and timeliness), MSMEs (reasons for enterprise distress, lifecycle finance needs, and credit delivery models) and corporate leverage (debt concentration, multilayered structures, deleveraging impacts and stalled project case studies). Improvements in data architecture, survey methods and case study research are essential to support robust policy recommendations.

Reference Rate for US Dollar establishes rupee benchmark and determines EUR, GBP, JPY exchange rates and SDR conversion.
The Reserve Bank of India publishes a Reference Rate for the US Dollar serving as the rupee benchmark; the RBI quotes a US Dollar reference rate and, using middle rates of cross currency quotes, derives exchange rates for the euro, pound sterling and yen, and states that the SDR Rupee rate will be based on that reference rate.

Monetary Policy Review scheduled for announcement via press release, signaling an official central bank policy update.
The central bank will issue the Sixth Bi monthly Monetary Policy Review for 2015 16 by press release on the specified date and time, designating that press release as the official mechanism for communicating its policy update.

Sovereign Gold Bonds uptake increases; tranche issuance, eligibility, investment limits and eight year tenor outlined.
Sovereign Gold Bonds are issued in tranches by RBI on behalf of the Government, denominated in grams of gold and payable in rupees; they require a minimum investment of two grams, impose a per person annual subscription cap, restrict sales to resident Indian entities, pay a fixed annual interest half yearly, run for eight years with an exit option from year five, and on maturity return the rupee equivalent of the invested gold at prevailing prices.

Reference rate for US Dollar published and used to derive other currency and SDR Rupee exchange rates by RBI.
The Reserve Bank of India issues a daily Reference Rate for the US Dollar and publishes the preceding day's figure; using that USD reference and the middle rates of cross currency quotes, it derives exchange rates for the euro, pound sterling and the yen against the rupee. The SDR Rupee rate is stated to be based on the published reference rate.

Reference rate for US dollar updated; informs rupee cross currency quotes and determines SDR rupee conversion policy.
Reserve Bank of India announced the reference rate for the US dollar and indicated that euro, pound sterling and Japanese yen rupee exchange rates are derived from that US dollar reference rate using middle cross currency quotes; the SDR rupee rate will be based on the announced reference rate.

RBI reference rate updates determine dollar valuation and set cross currency exchange rates and the SDR rupee basis.
The Reserve Bank of India published the Reference Rate for the US dollar on January 25, 2016, fixing the official dollar rupee valuation and noting the prior day figure; it sets derived exchange rates for EUR, GBP and JPY by using middle rates of cross currency quotes, and states that the SDR rupee rate will be based on this published reference rate.

Gold monetisation scheme changes permit premature redemption and direct refiner deposits, relax licensing and clarify fees and tax exemptions
Modifications to the Gold Monetisation Scheme permit premature redemption of medium and long term deposits subject to reduced interest, allow banks to charge service fees covering purity testing and refining, and enable direct deposit to refiners alongside CPTCs. BIS relaxed refiner experience requirements and invited jewellers to act as collection centres with refiner tie-ups. Gold may be recorded to three decimals and of any purity, with CPTCs/refiners certifying purity. Banks may hedge short-term deposits; interest calculation and lending against deposits are clarified. Tax exemptions for interest and capital gains under the scheme are maintained.

Government securities auction: re issue offered via multiple price electronic bidding with competitive and non competitive participation.
Re issue auctions of four Central Government stocks will be conducted by the Reserve Bank of India using the multiple price method, with up to a specified proportion of each notified amount allotted to eligible individuals and institutions under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the RBI E Kuber system within prescribed time windows; auction results and payment dates are specified, and the stocks are made eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar sets euro, pound and yen rupee rates and determines SDR rupee conversion.
The published US Dollar reference rate serves as the benchmark for rupee valuation on the stated date and, together with middle cross currency rates, is used to derive rupee exchange rates for the euro, pound and yen; the SDR Rupee rate is explicitly determined on the basis of that reference rate.