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    Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations
    The Union Finance Minister Shri Arun Jaitley called upon H.E. President MOON Jae-in of the Republic of Korea yesterday:
    The Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley reached Seoul, Republic of Korea; Co-chaired the Fifth India-Korea Financia...
    Entries Invited for 1st National Corporate Social Responsibility (CSR) Awards in 4 categories; National CSR Awards instituted to recognize the compani...
    The Union Minister of Finance, Defence and Corporate Affairs Shri Arun Jaitley will leave tonight on a 4-day official visit to Republic of Korea (ROK)...
    PFRDA conducts workshop on National Pension System (NPS) for Corporates in coordination with FICCI at Ahmedabad; Overall number of NPS and APY subscri...
    Cabinet approves Bilateral MoU between India and Iran
    Cabinet approves Signing of Memorandum of Understanding between Securities and Exchange Board of India and European Securities and Markets Authority
    The Union Minister of Finance, Defence and Corporate Affairs leaves on a 4-day official visit to Paris to attend OECD Meetings among others
    NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017
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June 16, 2017
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Fast track insolvency resolution: 90-day streamlined process for eligible small companies, startups and limited-asset unlisted corporates.
The regulations create a time bound fast track insolvency process for eligible corporate debtors, requiring completion within 90 days (extendable once up to 45 days) and governing initiation, IRP appointment, and conclusion by Adjudicating Authority approval of a resolution plan. Eligible entities include small companies, startups and certain unlisted companies with limited assets; creditors or corporate debtors may apply with proof of default. The IRP may, within 21 days of appointment, apply to convert a fast track case into the normal corporate insolvency resolution process if the fast track is deemed inapplicable.
June 16, 2017
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India Korea bilateral engagement: Finance Minister met President and business leaders to strengthen strategic economic partnerships.
Finance Minister Shri Arun Jaitley met President Moon Jae in to reaffirm bilateral engagement, urged early reconvening of the bilateral Joint Commission and the 2+2 Dialogue, and identified defence industry, infrastructure investment and manufacturing as priority areas for partnership; he also met senior leadership of major Korean companies and financial institutions and delivered the keynote at an India Korea Business Meeting attended by over one hundred Korean business representatives.
June 15, 2017
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India-Korea financial cooperation expands with concessional credit lines and ODA to fund infrastructure and smart cities.
The Governments established a financing framework providing US$9 billion in concessional credit and US$1 billion in official development assistance to finance Indian infrastructure projects, with a senior-official mechanism to identify eligible projects and the option to deploy funds to Smart City projects; they also committed to promote investment flows and diversify bilateral economic ties.
June 14, 2017
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Corporate Social Responsibility mandate rewards companies integrating sustainability and innovation into core business and CSR programs.
The Ministry of Corporate Affairs has instituted National CSR Awards under the statutory CSR mandate of Section 135, to recognise companies that adopt strategic, collaborative CSR approaches, integrate sustainability into core business models, conserve biodiversity in value chains, and employ innovative technologies to advance inclusive and sustainable development; eligibility aligns with the Companies Act CSR requirements and applications are accepted by application or nomination.
June 14, 2017
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EDCF Agreement and EXIM-KEXIM MOU to strengthen bilateral economic cooperation and infrastructure finance links.
An official visit to the Republic of Korea will advance bilateral economic and financial cooperation through the India-Korea Strategic Economic Dialogue, signing of an EDCF Agreement and an EXIM-KEXIM MOU to frame official development and export-import financing, delegation-level meetings with Korean finance and industry leaders, and participation in the AIIB Annual Meeting including seminars on Sustainable Infrastructure and Energy Strategy.
June 10, 2017
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National Pension System changes expand corporate uptake and ease compliance for employers and employees widely.
PFRDA promoted the National Pension System to corporates, detailing implementation, tax treatment, onboarding, POP roles, annuity and transfer procedures, and reported strong subscription and AUM figures. Regulatory measures introduced include transferability of superannuation and recognised provident funds to NPS; two permitted changes to investment choice per year; acceptance of online account opening with e signing in place of physical forms; a new Alternative Investment Fund asset class "A"; two lifecycle funds (LC 75 and LC 25); and a reduced Tier I minimum annual contribution requirement.
June 7, 2017
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Mutual regulatory cooperation fosters information sharing and coordinated supervision to develop and regulate cross border securities markets.
A bilateral Memorandum of Understanding establishes formal mutual regulatory cooperation between the Securities and Exchange Board of India and the Securities and Exchange Organization of Iran to promote securities market development through technical cooperation, capacity building and a strengthened information sharing framework to support oversight, supervisory coordination and cross-border regulatory activities.
June 7, 2017
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Central counterparty recognition enables cross-border clearing under an MoU, establishing cooperation and compliance monitoring mechanisms.
An MoU between SEBI and ESMA establishes cooperative arrangements and information sharing mechanisms to enable ESMA to recognise CCPs established in India and supervised by SEBI, permitting those CCPs to provide clearing services into the EU, and to give ESMA tools to monitor ongoing compliance with the Recognition Conditions.
June 6, 2017
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International economic diplomacy advancing multilateral tax cooperation and fintech dialogue through OECD participation and bilateral meetings.
The Union Minister undertook a four day visit to Paris to participate in OECD forums and bilateral economic diplomacy, including a keynote, panel on globalisation, discussions on cashless society and fintech, a signing ceremony for the BEPS Convention, and multiple bilateral meetings with ministers and private sector representatives to advance tax cooperation, trade, investment and technology linkages.
June 1, 2017
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Registered Valuers and Valuation rules: draft framework open for stakeholder comments to inform procedural and governance provisions.
Invitation for public comments on the draft Companies (Registered Valuers and Valuation) Rules, 2017, published on the Ministry website, requesting emailed submissions that include the sender's name, contact details and postal address, and follow a prescribed format listing serial number, rule number, suggestion and justification for each comment.

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Acts Income Tax