Shifting of Registered Office: jurisdiction moved to Central Government and delegated to Registrar of Companies, streamlining confirmation process.
Confirmation of shifting of a company's registered office from one state to another is to be transferred from the Company Law Board to the Central Government and delegated to the Registrar of Companies where the registered office is located; pending petitions will be transferred to the respective Registrar, and revised e forms and MCA 21 process changes will set out simplified procedures for effecting the confirmation and consequent alteration of the Memorandum of Association.

Online approval under Section 297: e form certification enables Central Government approval based on company declarations and professional certificates.
Online approval under Section 297 is available through a new e form capturing contract terms, board and shareholder resolutions and certified by a practicing professional; the company must obtain shareholder special resolution confirming arm's length competitive terms, non default and statutory filings, applicability under Section 297 and compliance with other Companies Act provisions, pay the prescribed fee, and approvals will be processed and communicated online on the basis of company declarations and professional certification, with false statements attracting penalties under Section 297 and Section 628.

Rectification of Register of Charges shifted to Central Government; delegation to Registrars of Companies to streamline procedures and reduce delays.
The rectification of register of charges under section 141 of the Companies Act, 1956 will be transferred from the Company Law Board to the Central Government and delegated to the respective Registrar of Companies; petitions pending with the Company Law Board on the effective date will be transferred. Revised e-forms and business re engineering under the MCA-21 system will set out the simplified procedures for companies and Registrars, expected to reduce the time and cost for condonation applications.

Online company incorporation: immediate digital registration permitted where e-forms are professionally certified, subject to liability for false declarations.
Online incorporation has been streamlined so the Registrar will issue a digital certificate of incorporation immediately when required e-forms and attachments (including MOA and AOA) are submitted electronically and certified by a practicing professional; the expedited route is optional and coexists with traditional backend processing.

Waiver of government approval permits listed companies without profits to pay high remuneration to qualified professional managers subject to conditions.
Amendment to Schedule XIII waives Central Government approval for listed companies and their subsidiaries without profits or with inadequate profits to pay remuneration above the prescribed threshold to a professional managerial person, provided the person had no direct or indirect interest in the company's or holding company's capital during the two years before or on appointment and holds a graduate-level qualification with expert or specialized professional knowledge; other general conditions in paragraph (c), Section II, Part II of Schedule XIII remain applicable.

Companies reform: new minister prioritises smooth passage of Companies Bill and stronger corporate governance and transparency.
Dr. M. Virappa Moily assumed charge as Corporate Affairs Minister and announced an intent to pursue the smooth passage of the Companies Bill, 2009 now tabled in Parliament, promote an efficient framework for corporate governance, and ensure transparent working through meetings with senior ministry officials to coordinate and operationalise these priorities.

Ministerial resignations accepted on executive recommendation, prompting immediate vacancies among cabinet and junior ministers in government.
The President, acting on the Prime Minister's recommendation, accepted seven ministerial resignations with immediate effect, creating vacancies in the Council of Ministers; the communique records that the named cabinet and state ministers cease to hold their portfolios forthwith.

Voluntary business responsibility guidelines expand CSR to social, environmental and economic responsibilities, urging triple bottom-line adoption.
The Ministry released voluntary Guidelines expanding CSR into social, environmental and economic responsibilities, applicable to all business entities and non prescriptive in nature. The Guidelines refine the 2009 CSR Voluntary Guidelines, promote a triple bottom-line approach to align financial performance with societal and environmental expectations, and encourage comprehensive adoption to make business operations sustainable while improving reputation, competitiveness and stakeholder relations.