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November 29, 2011
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Condolence: Union Minister expresses deep sorrow and recognises the deceased as a celebrated literary visionary.
Condolence by the Union Minister of Corporate Affairs on the death of noted author Indira Goswami, expressing shock and deep sorrow and characterising her as a celebrated contemporary writer and visionary. The ministerial communication frames the passing as a loss to the literary world and a personal loss to the minister, conveying official sympathy and recognition of the deceased's national cultural contribution.
November 28, 2011
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Chartered Accountants Act violations: ICAI empowered to examine and decide firm-level breaches without government referral.
Alleged breaches of the Chartered Accountants Act by multinational firms are under examination by the Institute of Chartered Accountants of India (ICAI), which is competent to decide such violations without referring matters to the central government; no specific firm level allegations identifying breached provisions have been presented to the government.
November 25, 2011
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Competition policy reforms to promote innovation, productivity and inclusive growth through coordinated national and sub national action.
Comprehensive competition policy reforms across national, state and sub state levels are advanced to promote innovation, productivity, entrepreneurship and inclusive growth. Competition policy and legislative amendments are depicted as second generation economic reforms to improve market efficiency, international competitiveness and employment, and to control inflation. A multi stakeholder conference was used to gather views from government, competition authorities, experts, industry and civil society to inform the National Competition Policy and proposed amendments to the Competition Act, emphasising stakeholder consultation and international experience sharing.
November 24, 2011
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National Company Law Tribunal reform: proposal to replace prior corporate adjudicatory bodies and introduce a revised Companies Bill.
Proposal to establish a National Company Law Tribunal and a National Company Law Appellate Tribunal to replace the Company Law Board, the Board for Industrial and Financial Reconstruction and the Appellate Authority for Industrial and Financial Reconstruction; a revised Companies Bill, incorporating prior judicial guidance, is to be introduced in Parliament to implement the consolidated tribunal framework.
November 18, 2011
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Election to IFAC Board expands statutory body representation in global accountancy standard-setting, enhancing professional regulatory engagement.
Election of a serving president of the national accountancy institute to the board of the international federation expands representation by a statutory body within international accountancy governance. The institute, established by statute to regulate the chartered accountancy profession-prescribing qualifications, conducting examinations, overseeing enrolment and training, and maintaining registers under ministerial administrative oversight-will be positioned to participate in global standard-setting, contribute to professional regulation in the public interest, and align domestic regulatory objectives with international governance.
November 16, 2011
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Conversion of Chartered Accountant firms into LLPs requires LLP Act compliance and ICAI approval for firm names.
Conversion of chartered accountant firms into LLPs must comply with Chapter X and the Second Schedule of the LLP Act, 2008, with any proposed use of the words 'Chartered Accountant(s)' in the LLP name referred to ICAI for approval under Rule 18(2)(xvi). Registration with ICAI requires Forms No. 117 and No. 18 and the Registrar's name registration; converted LLPs retain firm registration numbers and inter se seniority per ICAI policy, are limited to specified name suffixes, must confine objects to professional services under Section 2(2) of the Chartered Accountants Act, 1949, and remain subject to the Act, ICAI Regulations and the Code of Ethics.
November 12, 2011
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Company Law Settlement Scheme enables regularisation of delayed annual filings and is extended alongside DIN integration and e governance reforms.
Administrative measures simplify compliance under company and LLP law by extending a one time Company Law Settlement Scheme for regularising overdue annual returns and accounts; integrating Director Identification Number records with PAN to remove duplicates; reducing Registrar of Companies' e form approval period to expedite disposals; and placing LLP annual statements under a Straight Through Process with public access to filed documents.
November 8, 2011
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Corporate Social Responsibility cooperation expands bilateral knowledge exchange and establishes a joint working mechanism to strengthen corporate governance.
A bilateral cooperation framework advances collaboration on Corporate Social Responsibility and corporate governance through knowledge sharing and capacity-building, and a Letter of Intent provides for a Joint Working Group to operationalise cooperation, dialogue, technical exchange and follow-up activities to implement shared initiatives.

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Acts Income Tax