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    Year End Review-2024 : Ministry of Corporate Affairs
    Tracking of Private Capital Expenditure in the new Annual Survey
    1,12,962 Companies registered during the current FY 2024-25
    Nearly 11.6 Lakh Women Directors associated with Public and Private companies
    CSR Expenditure in Aspirational Districts has consistently increased from FY 2020-21 to 2022-23
    MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants (ACCA) to Empower Fin...
    DFS Secretary Shri M. Nagaraju chairs review meetings to address key operational challenges and enhance efficiency of resolution mechanisms through NA...
    DPIIT inks MoU with Flipkart to invest in and mentor Indian startups
    Interns embark on their internship journey across 34 States and UTs of India under the Pradhan Mantri Internship Scheme
    Ministry of Corporate Affairs has taken several steps to improve ease of doing business and enhance ease of compliance
    Prime Minister’s Internship Scheme (PMIS) announced in the Budget 2024-25, aims to provide internship opportunities to one crore youth in top 500 co...
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs Credit Outreach Programme at Madhubani, Bihar
    IICA Hosts MoU Signing Ceremony with Executive Search Leaders, Launches New Governance Initiatives
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs the Credit Outreach Programme at Darbhanga, Bihar
    IEPFA, NCAER and BSE jointly organised a workshop on the revolutionizing impact of digital technology on financial sector
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman meets AIIB Board of Directors in New Delhi
    CCI approves the proposed combination involving acquisition of additional shareholding in Thoughtworks Holding, Inc. by AP Funds and Temasek
    HAL's Maharatna Status: India’s Growth Towards Aerospace Industry
    IICA holds National Conference & Exhibition on Aligning CSR with SDGs in New Delhi
    India and Republic of Uzbekistan sign Bilateral Investment Treaty in Tashkent
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    December 30, 2024
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    Corporate compliance reforms streamline share transmission and duplicate certificate procedures, and modernise electronic filing and adjudication.
    The Ministry implemented corporate regulatory reforms that modernise compliance and access. Key measures include a new internship scheme providing financial assistance for year-long placements, migration of MCA21 to Version 3 with reduced forms and straight-through online processing, recognition of the legal heirship certificate for share transmission, removal of FIR and surety requirements for certain physical share certificate processes, enhanced IEPFA multilingual grievance redressal, establishment of a Central Processing Centre and CPACE for expedited e-form processing and corporate exit, faceless electronic adjudication for decriminalised defaults, and amendments to accounting standards alongside proposals for an integrated IBC technology platform.
    December 18, 2024
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    Collection of Statistics Act powers enable a new MoSPI survey tracking private corporate capital expenditure intentions for coming years.
    The Forward-Looking Survey measures private corporate sector capital expenditure intentions and incurred capex, estimating expected investment and indicating preferred industries. Notices under the Collection of Statistics Act are issued to selected active resident private enterprises registered under the Companies Act, and data are self reported via a web portal with built in validation; a scientifically validated sampling methodology and expert Technical Advisory Group and Steering Committee oversee selection and data scrutiny to ensure accuracy.
    December 17, 2024
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    Company registration facilitation through centralized online incorporation and integrated filings reduces cost and streamlines statutory registrations.
    Regulatory and administrative measures centralize and streamline company incorporation: the Central Registration Centre expedites online incorporation; the SPICe+ form integrates PAN/TAN, eMOA/eAOA, DIN allotment and multiple statutory enrolments to enable single-window incorporation; Rule 38(2) permits SPICe+ to cover name reservation, incorporation and appointment/allotment of DIN for up to three directors; amendments to the Companies Act, 2013 seek ease of doing business, decriminalisation and simplified compliance for Small Companies, One Person Companies, Start-ups and Producer Companies, alongside targeted exemptions for specified company categories.
    December 17, 2024
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    Women director requirement: prescribed companies must appoint at least one woman director or face penalties for non-compliance.
    The document states that a prescribed class of companies must have at least one woman director, citing the second proviso to sub section (1) of section 149 of the Companies Act, 2013 and Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2024. Rule 3 requires every listed company and every other public company meeting specified paid up capital or turnover thresholds to appoint at least one woman director. Non compliance renders the company and every officer in default liable to penalties under the Companies Act, 2013.
    December 16, 2024
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    Corporate Social Responsibility obligations: reported increases in CSR spending directed to aspirational districts under statutory CSR rules.
    The statutory CSR framework under the Companies Act, its schedule of permitted activities, and the Companies (CSR Policy) Rules governs corporate CSR obligations; reported figures show year on year increases in CSR expenditure directed to Aspirational Districts across three consecutive financial years, based on official corporate data and disclosed in a government parliamentary reply.
    December 13, 2024
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    Memorandum of Understanding advances financial literacy by delivering free digital curriculum and teacher training for school-based program.
    A Memorandum of Understanding commits IEPFA and ACCA to a four year collaboration to implement ACCA's Financial Education for You (FEFY) for grades 6-9: ACCA will supply free digital curriculum and train teachers; IEPFA will facilitate pilot introductions in select urban and rural schools that satisfy digital and scheduling requirements. The programme emphasizes interactive, experiential learning to improve students' financial decision making. The partnership also includes ACCA funded seminars, workshops, and roundtables, and mutual obligations of confidentiality and transparent cooperation.
    December 13, 2024
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    Asset resolution through NARCL urged alongside senior-level monitoring and reduction of NCLT procedural delays for faster recoveries.
    Meetings directed expedited transfers to NARCL, strengthened bank coordination and monitoring of priority accounts, and tasked a committee under the SBI Chairman to recommend fresh accounts for transfer to bolster the resolution pipeline. They identified procedural delays in admitting Corporate Insolvency Resolution Process (CIRP) applications at NCLT benches, instructed banks to ensure senior-level monitoring and reduce adjournments, and endorsed an MCA plan to develop an integrated portal to share real-time NCLT proceeding information with Financial Creditors.
    December 10, 2024
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    Government-private MoU to support startups enables resource access, mentorship, venture funding and fast-track patent facilitation.
    A memorandum of understanding creates a government-private collaboration allowing startups to access government industry reports, datasets and studies, receive procedural facilitation for fast track patent applications, and connect to the Startup India network, while the private partner provides venture funding, mentorship, prototype development support and pathways for international expansion.
    December 5, 2024
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    Internship Scheme benefits expand youth employability through paid internships and one-time grant under direct benefit transfer.
    The Pradhan Mantri Internship Scheme pilot provides structured industry internships with a monthly stipend and a one-time grant disbursed via Direct Benefit Transfer, while employers select candidates and provide induction, technical and soft-skills training plus logistical support such as accommodation, transport and health insurance. The scheme targets large-scale placements across states and union territories, with administrative engagement between ministry officials, interns and supervisors and ongoing applicant selection by participating companies.
    December 4, 2024
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    Decriminalization of corporate offences shifts enforcement to administrative adjudication and simplifies corporate compliance processes.
    The Ministry centralised voluntary strike off and e form processing through the Centre for Processing Accelerated Corporate Exit (C PACE), operationalised LLP strike off processing, and reduced processing times; it also effected decriminalization of corporate offences to reallocate enforcement toward administrative adjudication and implemented digital streamlining measures including SPICe+/FiLLiP consolidated incorporation forms, Straight Through Process conversions, increased Small Company thresholds, and establishment of centralised registries and processing centres.
    December 4, 2024
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    Prime Minister's Internship Scheme expands internship access through MCA partner companies and online portal for youth placements.
    Prime Minister's Internship Scheme creates a portal-driven placement mechanism to improve youth employability by posting company internship opportunities, enabling online applicant submissions, and permitting companies and eligible financial institutions to post and select interns; initial partner companies were identified by average CSR spend and additional participants may join with ministry approval to cover under represented sectors.
    December 2, 2024
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    Financial inclusion drive distributing bank credit, sanctioning rural infrastructure finance, and enrolling seniors into national health coverage.
    A credit outreach programme advanced financial inclusion by distributing bank loans to numerous beneficiaries, securing development finance sanctions for rural road projects, enrolling eligible senior citizens into the national health coverage scheme, promoting entrepreneur financing through local product exhibitions, and announcing bank CSR assistance for school infrastructure and community services.
    November 30, 2024
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    Independent Director Databank strengthens appointment processes for Independent Directors through MoUs with executive search firms to enhance governance.
    IICA signed MoUs with six executive search firms to improve selection and appointment processes for Independent Directors, integrating the Independent Director Databank-which requires registration and a proficiency assessment under the Companies (Appointment and Qualification of Directors) Rules, 2014-while launching board evaluation resources to support governance, capacity-building, and board effectiveness.
    November 30, 2024
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    Financial inclusion expanded through coordinated bank lending, branch and BC rollouts, and targeted rural infrastructure and CSR support.
    The programme expanded formal financial access by providing extensive retail loans through participating banks, inaugurating bank branches and business correspondent centres to strengthen delivery, and combining NABARD sanctions and CSR assistance for rural roads, school infrastructure and support to entrepreneurs. Departmental and banking officials reported on financial inclusion efforts while ministers and regional leaders underscored government facilitation in mobilising credit and infrastructure support.
    November 12, 2024
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    Digital financial education strengthens investor protection and capital market development through technology enabled literacy and risk awareness.
    Digitalisation of financial education is presented as a mechanism to enhance investor protection and support capital market development by widening reach, improving risk awareness, and modernising literacy efforts. The IEPFA, NCAER and BSE convened experts to discuss deployment of digital tools, the roles of government and market institutions in scalable education, and the need for coordinated stakeholder action-including regulatory outreach, platform risk management, and cybersecurity integration-to implement accessible investor education and protective mechanisms.
    November 12, 2024
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    Multilateral Development Bank governance reforms urged to enhance investment, climate resilience, knowledge transfer and innovative financing models.
    The Union Finance Minister urged the AIIB to broaden investments into climate adaptation and resilience, infrastructure, energy security and urban development; to integrate finance plus and budget plus elements into project design; to scale private capital mobilisation via innovative financial tools; and to establish mechanisms for transfer of India's digital and disaster management expertise. She also pressed for MDB cooperation and governance reforms to make institutions fit for contemporary challenges and responsive to all members, especially Low Income Countries.
    October 30, 2024
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    Competition approval for acquisition that consolidates private equity control while preserving a minority passive investor stake.
    Approval concerns an acquisition where AP-advised investment funds, via an AP-controlled SPV, will acquire additional equity in Thoughtworks Holding, Inc. resulting in full control by the AP Funds and Nevado Investments, an indirect Temasek subsidiary, retaining an approximate minority non-controlling passive stake. The Commission's clearance addresses competition implications of the change in control and ownership structure, with a detailed order to follow.
    October 14, 2024
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    Maharatna status expands HAL's financial and operational autonomy, enabling larger independent investments and deeper indigenous defence manufacturing.
    The Government conferred Maharatna status on Hindustan Aeronautics Limited after committee recommendations and ministerial approval, based on prior Navratna status, stock exchange listing, qualifying averages for turnover, net worth and net profit, and global presence. The designation grants HAL expanded delegation over capital expenditure and strategic investments, permitting significant investment decisions without prior central approval to expedite projects, enhance operational efficiency, and support indigenisation and international commercial engagement.
    October 4, 2024
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    CSR alignment with SDGs urged as strategic investment and compliance framework to advance national development goals.
    The conference promoted alignment of corporate social responsibility with the Sustainable Development Goals and the Trusteeship philosophy, urging businesses to view CSR as strategic investment and to align programming with national development priorities and SDGs. Speakers emphasised innovation, inclusiveness, multi stakeholder collaboration and the ILCI framework, encouraged corporates to exceed minimum spending thresholds, and released a compendium on the legal regime, compliance, implementation guidance and FAQs. The exhibition showcased initiatives mapped to Schedule VII of the Companies Act 2013.
    September 27, 2024
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    Investor protection secured through treaty: minimum standards, non discrimination and arbitration with regulatory space preserved.
    The Bilateral Investment Treaty between India and Uzbekistan assures reciprocal investor protection by providing a minimum standard of treatment, non-discrimination, protection against expropriation, transparency obligations, and guarantees for transfers and compensation; it also provides for independent arbitration for investor-state disputes while preserving the State's right to regulate.

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      Corp. Laws, SEBI & IBC

      IICA holds National Conference & Exhibition on Aligning CSR with SDGs in New Delhi

      October 4, 2024

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      The conference commemorated first Annual CSR Day in India on the Birth Anniversary of Mahatma Gandhi

      D.G. , IICA Dr Ajay Bhushan Prasad Pandey highlighted the pivotal role of corporate responsibility in shaping a resilient and inclusive India

      Dr Auguste Tano Kouamé from World Bank praised India's growing leadership in integrating CSR with national development priorities

      The ‘National Conference and Exhibition on Aligning CSR with SDGs’ held on 02 – 03 October 2024 by the Indian Institute of Corporate Affairs - IICA (an autonomous institute under the Ministry of Corporate Affairs, Govt. of India) was inaugurated at the Hotel Lalit, New Delhi by Dr Auguste Tano Kouamé, Country Director-India, the World Bank; Dr Ajay Bhushan Prasad Pandey, Director General & CEO of IICA and Chairperson, NFRA; and Mr. Rob Lederer, Chief Executive Officer, Responsible Business Alliance. Padma Vibhushan Dr Raghunath Anant Mashelkar Professor Emeritus, IICA; and Prof. Gourav Vallabh, Economist & Professor of Finance, XLRI   were also present on the occasion among others.

      The event was organized to commemorate the very first Annual CSR Day in India on the Birth Anniversary of Mahatma Gandhi to promote the Trusteeship philosophy in the CSR initiatives and to promote CSR alignment to help achieve the Sustainable Development Goals.  

      Dr Ajay Bhushan Prasad Pandey delivered the Welcome Address, highlighting the pivotal role of corporate responsibility in shaping a resilient and inclusive India. He emphasised the collective efforts needed from public and private sectors to achieve the goals of Viksit Bharat by 2047, in alignment with the SDGs.

      In his Keynote Address, Dr Auguste Tano Kouamé lauded India’s ambitious approach to tackling global challenges through CSR and emphasized the need for scalable and replicable models that could be adopted across the world to meet the 2030 Agenda. He praised India's growing leadership in integrating CSR with national development priorities, stressing that businesses must view CSR as an investment in long-term growth rather than mere compliance.

      Mr. Rob Lederer provided a global perspective on responsible business conduct, stressing that as India’s CSR ecosystem matures, it must continue to align with global standards while focussing on local challenges.

      In his address Padma Vibhushan Dr Raghunath Anant Mashelkar, emphasised the critical role of innovation in CSR, urging Indian businesses to create disruptive solutions that can address the multifaceted challenges of sustainable development.

      At this occasion, a Book ‘CSR Ready Reckoner in India,’ by Dr. Garima Dadhich & Dr. Ravi Raj Atrey was released.  This book is a compilation of the latest developments in the legal regime of CSR, it also presents key trends and recommendations to make effective CSR strategies, compliance and implementation and provides the required FAQs on CSR in a comprehensive way.

      In his valedictory address, Prof. Gourav Vallabh emphasized the importance of integrating CSR with sustainable business practices, stating, "CSR is not merely a corporate obligation but a driving force for innovation and societal transformation. Through strategic alignment with SDGs, we can foster long-term growth that benefits both businesses and communities." While emphasising that inclusiveness is the essence of CSR, he propounded the concept of Integration, Leveraging, Collaboration and Inclusiveness (ILCI). With this vision, he encouraged corporates to go beyond the 2% threshold to subserve the greater societal good through affirmative corporate actions.

      Dr Garima Dadhich, Associate Professor & Head, School of Business Environment, IICA delivered a Vote of Thanks expressing gratitude to the esteemed speakers and attendees for their invaluable contributions. She reaffirmed IICA’s commitment to driving the CSR agenda forward, ensuring that it remains at the core of India’s developmental journey.

      The event saw distinguished attendees from government, academia, and corporate sectors, reinforcing India’s commitment to sustainable development with 400 plus participants. The exhibition showcased impactful CSR initiatives aligning with the United Nations Sustainable Development Goals (SDGs), spotlighting innovations in different thematic areas within the Schedule VII of the Companies Act 2013.

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