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    Cabinet approves creation of additional posts of three Judicial Members and three Technical Members in the National Company Law Appellate Tribunal
    IBBI, SEBI sign MoU for better implementation of IBC
    MCA releases national guidelines on responsible business conduct
    Andhra Pradesh and Madhya Pradesh get new NCLT benches
    Cabinet approves creation of Post of Technical Member in SAT, Mumbai
    Insolvency and Bankruptcy Board of India signs a Cooperation Agreement with the International Finance Corporation to further build the capacity of the...
    Cabinet approves foreign investment of more than ₹ 5000 crore and up to ₹ 25,000 crore by way of a Rights issue of M/s. Vodafone Idea Limi...
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    March 27, 2019
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    Creation of tribunal posts approved to strengthen appellate tribunal capacity and meet statutory adjudication timelines.
    Cabinet approves creation of three additional Judicial Members and three additional Technical Members posts in the National Company Law Appellate Tribunal, set at a specified remuneration level with associated allowances and a recurring financial implication, to strengthen tribunal composition and enable compliance with the statutory corporate and insolvency framework and prescribed case disposal timelines.
    March 19, 2019
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    Interagency cooperation for insolvency code implementation: sharing information, resources and training to strengthen resolution processes.
    The memorandum obliges the parties to assist and co operate, subject to legal limitations, by enabling information sharing and resource sharing where legally permissible, convening periodic meetings to address regulatory requirements, enforcement cases, research and data analysis, and information technology and data sharing arrangements.
    March 13, 2019
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    Responsible Business Conduct urges ethical, transparent governance and standardised non financial reporting tied to human rights and sustainability.
    The NGRBC set a voluntary principle based framework requiring businesses to adopt ethical, transparent and accountable governance and integrate social, environmental and economic responsibilities across operations. They articulate nine core principles including human rights, employee wellbeing, environmental protection, stakeholder responsiveness and responsible policy engagement. The guidelines update the 2011 NVGs, reflect the UN Guiding Principles on Business and Human Rights and domestic duties under the Companies Act, and prompt standardised non financial reporting through Business Responsibility Report formats linked to global frameworks and the SDGs.
    March 8, 2019
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    NCLT bench expansion broadens tribunal jurisdiction to accelerate adjudication of insolvency and company law matters.
    Establishment of two additional National Company Law Tribunal benches at Amaravati and Indore expands the tribunal's geographic jurisdiction to Andhra Pradesh and Madhya Pradesh, reallocating matters formerly under Hyderabad and Ahmedabad benches to facilitate more prompt adjudication, particularly for matters under the Insolvency and Bankruptcy Code.
    March 7, 2019
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    Creation of Technical Member post in SAT to enable an additional bench and speedier disposal of regulatory appeals.
    Creation of a Technical Member post in SAT, Mumbai at Secretary-level pay is intended to facilitate an additional bench to manage increased appeals from securities, insurance and pension regulators, thereby strengthening Tribunal capacity and expediting adjudication for investors, policyholders and pension beneficiaries.
    March 7, 2019
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    Capacity building for insolvency professionals enables implementation of the Insolvency and Bankruptcy Code through IFC technical assistance.
    A Cooperation Agreement between the Insolvency and Bankruptcy Board of India and the International Finance Corporation provides IFC technical assistance to build capacity for effective implementation of the Insolvency and Bankruptcy Code. The assistance, through mid-2021, covers workshops and training for insolvency professionals and IBBI officers, train-the-trainers, development of a National Insolvency Programme, and support for insolvency and valuation examinations to strengthen regulatory oversight and professional competence.
    March 1, 2019
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    Foreign investment approval permits non-resident subscription via rights issue and alters indirect subsidiary holdings under telecom FDI rules.
    Approval was given for Foreign Direct Investment exceeding Rs. 5,000 crore and up to Rs. 25,000 crore in M/s Vodafone Idea Limited by way of a rights issue of equity shares and/or equity-linked securities, permitting non-resident subscription and recording consequent changes in indirect foreign investment in the company's subsidiaries under the telecom FDI framework that requires government approval for inflows beyond the monetary threshold despite no change in approved foreign equity percentage.

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