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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
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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.

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