Foreign investment liberalization expands investor classes and raises FII corporate bond limits, permitting FII investment in unlisted infrastructure bonds.
SEBI-registered mutual funds may accept subscriptions from foreign investors for KYC in equity schemes, widening permissible foreign investor classes and facilitating direct foreign participation via the portfolio investment route. The FII corporate bond investment ceiling for infrastructure issuers with over five years residual maturity is increased and FIIs may invest in unlisted bonds of infrastructure SPVs subject to a minimum three-year lock-in while being allowed to trade among themselves during the lock-in period.

Companies Bill consultation invites corporate input on governance, auditor rotation, CSR and IFRS applicability for future drafting.
Consultation on the proposed Companies Bill and adoption of IFRS, seeking corporate input on independent directors and their remuneration, auditor rotation, Corporate Social Responsibility, layers of subsidiaries, differential voting rights on equity shares, and the proposed applicability of IFRS; Ministers undertook to consider these representations in preparing the Companies Bill and held a subsequent press briefing.

Corporate law reform: proposed overhaul to modernize governance including independent director norms and auditor rotation.
Comprehensive revision of company law is proposed to modernize corporate regulation and promote development of the corporate sector through a new Companies Bill. Key reform areas under consideration include Independent Director norms (composition, tenure, liability and remuneration), auditor rotation, a formal Corporate Social Responsibility framework, restrictions on subsidiary layers, differential voting rights for equity, limits on directorships, and managerial remuneration ceilings.

Managerial remuneration exemption for unlisted companies: no government approval required if Schedule XIII conditions, including shareholder resolution, are met.
Amendment to Schedule XIII removes the requirement for Government approval of managerial remuneration in unlisted public companies with no or inadequate profits, provided they satisfy the Schedule XIII conditions - including shareholder special resolution and absence of default to creditors - and are not subsidiaries of listed companies.

Company strike-off under Section 560 extended; defunct companies may apply electronically to seek name removal with prescribed certifications.
Extension of the Easy Exit Scheme, 2011 allows defunct companies to apply electronically in Form EES, 2011 with certification by a practising CA, CS or Cost Accountant and supporting affidavit, indemnity bond and auditor certified statement of account; specified categories of companies are excluded and directors of non complying companies may face penal action after the Scheme ends.