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    Notice Inviting Comments on the Draft Rules W.R.T. NCLT Related Provisions under the Companies Act, 2013
    GOLD MONETIZATION SCHEME - A & H Centres Qualifying to act as CPTC (as on 20.01.2016)
    Ministry of Corporate Affairs sets up Central Registration Centre (CRC) on Republic Day
    Government approves proposal of M/s Firefly Networks Ltd and recommends the proposal of M/s HDFC Standard Life Insurance Company Ltd for the approval ...
    Shri Devender Kumar Sikri takes oath as the Chairman of Competition Commission of India
    Cabinet gives ex-post facto approval in respect of Memoranda of Understanding entered into by Ministry of Corporate Affairs, Competition Commission of...
    START-UP India Launch by Prime Minister Narendra Modi on 16th January, 2016
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    January 30, 2016
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    Draft NCLT/NCLAT rules invite stakeholder comments on compromises, oppression, and tribunal procedure, with submission by deadline.
    Invitation for public input on draft rules governing NCLT/NCLAT-related provisions under the Companies Act, covering Compromises, Arrangements and Amalgamation; Prevention of Oppression and Mismanagement; and tribunal procedure. The Ministry requests reasoned suggestions from stakeholders submitted to the designated email address with sender contact details, and notes that the committee's recommendations are published on the Ministry website while remaining tribunal-related sections await notification.
    January 27, 2016
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    Gold Monetization Scheme CPTC qualification confirmed for regional assaying and hallmarking centres, with inspections and formal intimations recorded.
    Designation under the Gold Monetization Scheme identifies Assaying & Hallmarking centres qualified to act as Collection, Purity Testing and Custody Centres (CPTC). The list, organised by region, records inspection dates and formal intimations of qualification, showing each named centre met operational criteria and was authorised to perform CPTC functions; one firm's surrender of recognition and consequent cancellation is also recorded.
    January 25, 2016
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    Central Registration Centre speeds incorporation name approvals, improving uniformity and reducing discretionary delays in company registration processes.
    The Ministry established the Central Registration Centre (CRC) to centralise and expedite incorporation-related services by automating approval workflows, rationalising rules, and engaging professionals. In its first phase the CRC will process online name availability applications (INC-1 e-forms) nationwide aiming to decide by the end of the next working day; operations began 27 January 2016 and further services will be introduced progressively to promote uniformity and reduce discretionary delays.
    January 19, 2016
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    Foreign direct investment approvals: telecom regularisation approved and insurance shareholding transfer recommended for higher foreign stake.
    Approval was granted for M/s Firefly Networks Ltd to regularise 50% indirect foreign investment and commence as a Telecom Infrastructure Provider Category I. The proposal of M/s HDFC Standard Life Insurance Co. Ltd was recommended to the Cabinet Committee on Economic Affairs for approval of a shareholding transfer raising foreign shareholding from 26% to 35%, involving an identified FDI infusion. Four proposals were deferred, one proposal rejected, one found not to lie before FIPB, and one withdrawn.
    January 11, 2016
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    Competition law: New CCI chairman sworn in to oversee enforcement against anti-competitive conduct and merger regulation.
    Shri Devender Kumar Sikri was sworn in as Chairman of the Competition Commission of India, succeeding the prior chairman; the Commission, empowered under the Competition Act, is charged with addressing anti-competitive behaviour and regulating mergers & acquisitions. The release notes Sikri's senior Central and State government experience, including roles related to judicial reform, social-sector legislation and public administration, as context for his appointment.
    January 6, 2016
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    Ex post facto approval of international MOUs enables cooperation on corporate governance and CSR between domestic agencies and foreign counterparts.
    Cabinet granted ex post facto approval to MOUs between the Ministry of Corporate Affairs, the Competition Commission of India and the Indian Institute of Corporate Affairs and several foreign authorities and organisations, establishing frameworks for knowledge exchange, technical cooperation, experience sharing and enforcement cooperation in corporate regulation and competition. The agreements focus on corporate governance, corporate social responsibility, professional standards in accountancy and company secretaryship, and corporate disclosures; implementation will be monitored by a bilateral Working Group on corporate governance and CSR.
    January 6, 2016
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    Start-up ecosystem enablement through a national action plan to foster entrepreneurship, regulatory coordination and investor engagement.
    Launch of a national Start-up India initiative to promote entrepreneurship through a coordinated government Action Plan and a large convening of founders, investors and policy-makers. The event brings ministers, departmental secretaries, regulators including SEBI and SIDBI, and global venture capitalists together to address enabling measures, funding, digitization and sectoral innovation, and features live investor pitches, policy Q&A and a virtual exhibition to build a conducive start-up ecosystem.

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