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    Finance Minister Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States
    Cabinet approves Memorandum of Understanding between Competition Commission of India and Competition Commission of Mauritius
    CCI approves acquisition of controlling stake in Forbes Enviro Solutions Limited by Lunolux Limited
    GENERATION OF JOBS BY STARTUPS
    IBBI organises a Workshop on “Committee of Creditors: An Institution of Public Faith”
    More than 7 lakh companies incorporated after announcement of Make in India programme
    12,892 companies removed from Registrar of Companies in 2020-21
    India’s Demat account holders more than double in 3 years to 7.38 crore in Oct. 2021
    Finance Minister Smt. Nirmala Sitharaman participates in G-20 Seminar on “Recover Together, Recover Stronger”
    Single Window System
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    December 30, 2021
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    Pre-budget consultation gathers state fiscal inputs and reviews central pandemic support measures for consideration in the Union Budget.
    Pre-budget consultation chaired by the Union Finance Minister convened state and union finance officials to solicit inputs for the Union Budget, reviewing central fiscal support measures such as enhanced borrowing limits, back-to-back loans, and capital expenditure assistance. Participants submitted suggestions for the Budget Speech, which the Finance Minister received and committed to examine for possible inclusion.
    December 22, 2021
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    Competition law cooperation enhances cross-border enforcement and capacity building through MoU between two competition authorities.
    Approval of a Memorandum of Understanding establishes a framework for cooperation in competition law and policy between the Competition Commission of India and the Competition Commission of Mauritius, providing for exchange of information, sharing of best practices, technical and enforcement cooperation, and capacity building under the authority of Section 18 of the Competition Act, 2002.
    December 21, 2021
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    Competition approval for acquisition of controlling stake enabling change of control in consumer appliances and safety business.
    Competition approval by the Competition Commission of India under Section 31(1) authorises Lunolux Limited's acquisition of a controlling stake in Forbes Enviro Solutions Limited, structured as a primary purchase followed by an open offer under the SEBI takeover regime, transferring control of the target's Health and Safety Business comprising water purifiers, air purifiers, security solutions, vacuum cleaners and electric air cleaning systems.
    December 15, 2021
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    Startup support schemes expand private investment and procurement access for startups through fund channels and regulatory relaxations.
    The Government supports startup growth through two financing mechanisms: the Fund of Funds for Startups (FFS), administered via SIDBI to back SEBI registered AIFs that invest in startups through equity instruments, and the Startup India Seed Fund Scheme (SISFS), which channels seed funding to startups via approved incubators; alongside regulatory and procurement reforms-permitting institutional investment into AIFs, relaxing prior turnover and experience criteria for tenders, waiving earnest money deposits, and creating a dedicated GeM procurement channel for startups.
    December 14, 2021
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    Committee of creditors as an institution of public faith: workshop urged prudent commercial decision making and stakeholder balancing.
    A one day hybrid workshop convened by the insolvency regulator with banking industry partners aimed to build capacity among senior financial creditor representatives so Committees of Creditors discharge statutory duties with care and diligence, prudently apply commercial wisdom in decision making, and consider and balance the interests of all stakeholders in insolvency resolution.
    December 14, 2021
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    Company incorporations after Make in India signal uptake in corporate registration and reflect emphasis on ease of doing business.
    The press release reports aggregated counts of companies incorporated after the Make in India launch and the numbers retaining Active status, presenting company formation as a measurable indicator of the initiative's promotion of manufacturing, investment, innovation and ease of doing business and linking these incorporations to the programme's objective of encouraging entrepreneurship and domestic manufacturing.
    December 14, 2021
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    Company name removal: registrar may remove inactive companies after due process when no dormant application is filed.
    The Registrar may remove a company's name where there is reasonable cause to believe the company has not carried on business for the two immediately preceding financial years and has not applied for Dormant Company status; companies may also apply for name removal by an online application and may apply to obtain dormant status under the Act.
    December 13, 2021
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    Investment adviser regulation strengthened alongside rapid Demat account growth, highlighting adviser coverage and market participation dynamics.
    Demat account holders increased to 7.38 crore and mutual fund investors to around 2.75 crore as of October 31, 2021, with year on year increases in Demat accounts over recent financial years; the ratio of investors to Registered Investment Advisers highlights investor distribution. The SEBI (Investment Advisers) Regulations, 2013 and subsequent amendments of July 2020 are noted as the regulatory framework governing investment advisers, with a modest rise in registered Investment Advisers during the period.
    December 9, 2021
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    Multilateral coordination required to secure equitable vaccine access and mobilise green finance for inclusive economic recovery.
    Promotes multilateral policy coordination emphasising Inclusion, Investment, Innovation and Institutions to achieve an inclusive, sustainable recovery; calls for affordable, equitable access to vaccines and therapeutics to close recovery gaps and cites cross border vaccine supply as coordinated action. Urges enhanced infrastructure investment and mobilisation of green finance and green technologies for developing countries to incentivise and accelerate low carbon growth and enable rapid, stable returns to economic expansion.
    December 9, 2021
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    National Single Window System centralises regulatory approvals via a digital portal to guide investors through applicable licences and clearances.
    National Single Window System is an online one-stop portal that integrates existing clearance systems of multiple Central Ministries/Departments and participating State Single Window systems to provide end-to-end investor facilitation, including pre-investment advisory, land-bank information and unified access to statutory clearances. The portal features a Know Your Approvals (KYA) wizard that, via an interactive questionnaire and Information Toolbox, generates an indicative list of applicable pre-operation approvals and licences from Central and State authorities to guide investors on applicability and application pathways.

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