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    De-Registration of not-for-Profit Companies.
    Registration of New Companies.
    Compliance of Reporting Norms by Companies.
    Representation of Women
    Guidelines for Women Employees
    CCI joins as Co-Chair of Merger Group of ICN.
    Proposed Disclosure Framework for the Annual Business Responsibility Report Presented to DR. M. Veerappa Moily
    Order Against Explosive Manufacturers/Suppliers Imposing a Penalty of About Rs.58.83 Crore
    Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.
    Prime Minister Inaugurates the New Campus of Indian Institute of Corporate Affairs Campus in Manesar Gurgaon Dr. Manmohan Singh Stress upon need of Pe...
    CCI imposes a penalty of Rs.5.66 crores on Schott glass India Pvt. Ltd..
    Constitution of a Committee on Corporate Governance.
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    April 30, 2012
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    De-registration of not-for-profit companies: Fast Track Exit Scheme excludes such entities, no relaxation proposed.
    The Government will not relax de-registration norms for not-for-profit companies; the Fast Track Exit Scheme introduced w.e.f. 03.07.2011 to simplify striking off company names does not extend to companies formed for charitable or non-profit purposes, and no stakeholder representations seeking a separate strike-off procedure have been received.
    April 30, 2012
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    Company registration trends: annual counts reported with public/private breakdown; 'ancillary company' not separately recorded by ministry.
    The ministry reported annual company registration totals with a Public Limited and Private Limited breakdown for the reported years and cumulatively up to March 2012. Under the Companies Act, 1956 the term "ancillary company" is not defined, and therefore the ministry does not maintain or report separate statistics for ancillary companies; published data reflects only the public/private classification.
    April 30, 2012
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    Compliance of Reporting Norms prompted prosecutions; Schedule VI revised and XBRL filing introduced for companies.
    Non compliance with prescribed reporting norms has resulted in prosecutions against companies; the disclosure framework has been strengthened by revising Schedule VI to require more comprehensive financial disclosure, and regulatory filing mechanisms have been modernised by introducing mandatory filing in XBRL mode for a class of companies to improve standardisation and oversight.
    April 26, 2012
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    Woman director requirement proposed under Clause 149: notified classes of companies to include at least one woman director.
    The Government proposes a statutory woman director requirement under the Companies Bill 2011: Clause 149 provides that classes of companies to be notified will be required to have at least one woman director, with the obligation applicable to those notified classes rather than a general percentage increase in representation.
    April 26, 2012
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    Reporting obligation for female employees' office timings: companies not required to file complaints and no registry complaints recorded.
    Companies are not required to file information about the retention of women employees after permissible hours with corporate registries or regional administrative offices, and the Ministry reports no complaints received by those offices concerning violations of the applicable guidelines in the specified localities.
    April 24, 2012
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    Merger review leadership: India to co-chair international group, influencing harmonised frameworks and cross-border competition practices.
    India established a merger review process supported by procedural regulations, institutional capacity building, and stakeholder engagement to enable competition-focused assessment of mergers. Its role as co-chair of the International Competition Network's Merger Working Group reflects participation in shaping harmonised international merger review frameworks, exchanging best practices on procedural rules, and advancing cooperation among competition authorities.
    April 18, 2012
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    Annual Business Responsibility Report disclosure framework promotes standardized sustainability reporting compatible with MCA 21 and corporate law.
    Proposed regulatory disclosure mechanism requiring businesses to file an Annual Business Responsibility Report via an electronic template compatible with MCA-21. The framework comprises five sections combining structured data fields and descriptive inputs, with the final section mapping disclosures to the nine principles of the National Voluntary Guidelines. The template design takes into account provisions of Section 135 of the Companies Bill 2011 to guide corporates and small and medium enterprises in aligning reporting with sustainable and inclusive business growth objectives.
    April 18, 2012
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    Competition law breach: suppliers penalised and ordered to cease bid manipulation practices under Competition Act.
    The Competition Commission of India found certain explosive suppliers to Coal India Limited engaged in manipulation of the bidding process, in violation of the Competition Act, and imposed penalties calculated on average turnover over three years on ten suppliers; the Commission also directed those suppliers to cease and desist from bid-manipulation practices.
    April 18, 2012
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    Bid rigging found in medical equipment procurement; penalty imposed under the Competition Act for collusive supply.
    The Commission found three suppliers engaged in bid rigging in the supply of medical equipment to a government hospital, concluding their collusive conduct inflated procurement costs and violated the Competition Act. Penalties were applied at five percent of average turnover over three years, aggregating to the monetary sanction reported in the press release, reflecting enforcement of turnover-based penalties to deter anticompetitive behaviour in government procurement.
    April 14, 2012
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    Corporate law reform: institute-led capacity building to strengthen governance, investor protection and CSR frameworks.
    The Institute is conceived as a national think-tank and capacity-building body to support research, training and policy development in corporate law and allied disciplines, with a mandate to exploit e-governance for regulatory efficiency, develop oversight structures for new corporate forms, and prioritise Corporate Governance, Investor Protection and Corporate Social Responsibility. Its operational roles include education, certification, research, consultancy and training for the Company Law Service and other stakeholders, alongside establishment of a National Corporate Social Responsibility Foundation to coordinate public-private-civil society engagement.
    April 10, 2012
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    Abuse of dominant position leads to penalty and orders requiring non discriminatory discounting and equal transaction terms.
    CCI found Schott Glass India abused its dominant position by granting dissimilar discounts and contingent rebates that disadvantaged independent converters, distorted competition and advantaged a joint venture customer. The Commission imposed a penalty based on a percentage of Schott India's average three year turnover and issued cease and desist directives requiring non discriminatory discounts, similar transaction terms for the joint venture vis a vis other converters, and prohibition of contingency discounts between tube types.
    April 10, 2012
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    Corporate governance policy committee constituted to frame a National Corporate Governance Policy guiding governance standards across companies.
    A Committee chaired by Shri Adi Godrej with industry, regulatory and professional representatives was constituted to frame a National Corporate Governance Policy recommending a comprehensive governance framework for all classes of companies while respecting their internal autonomy, following wide consultations with corporate stakeholders, academia and the public and delivering recommendations within a defined post inception timeframe.

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