Aftermarket competition: carmakers found to restrict spare parts and repair access, prompting mandatory corrective measures and penalty.
The Commission found three car manufacturers in breach for imposing absolute covenants that foreclosed the aftermarket by restricting supply of genuine spare parts and diagnostic tools to independent repairers, constituting restrictive agreements and abuse of dominance. It directed cessation of the impugned conduct, adoption of policies to make parts and tools available in the open market, removal of restrictions on independent repairers, and applied a monetary penalty to one manufacturer while absolving the other two from monetary sanction for mitigating factors.

Corporate law reform simplifies compliance procedures, clarifies Company Act implementation, strengthens fraud response and widens CSR funding rules.
Enhancement of the corporate regulatory framework focuses on clarifying and operationalising the Companies Act, 2013 through circulars, rule amendments and orders to remove implementation difficulties; amendments expand CSR funding eligibility. Compliance has been simplified by discontinuing selected forms, substituting declarations for affidavits, reducing small-company fees, easing foreign director procedures and integrating incorporation processes with a unified e-business portal. Adoption arrangements for Ind AS have been completed. Proposed statutory changes aim to align capital and seal requirements with international practice, simplify related-party approvals while protecting minority shareholders, provide penalties for deposit defaults, and rationalise fraud-related procedures. Enforcement steps include SFIO investigations, merger action to address oversight failures and online fraud inquiries.

Extension of consultation deadline allows stakeholders additional time to submit suggestions to the Companies Law Committee via ministry portal.
Extension of the consultation period for the Companies Law Committee permits stakeholders additional time to submit suggestions and comments on implementation issues of the Companies Act, 2013 via the Ministry of Corporate Affairs online portal, with the Press Release directing stakeholders to send inputs by the revised deadline and requesting wide publicity through the Press Information Bureau.

Penalty on company directors: criminal and monetary sanctions applied for statutory non compliance, with several appeals pending.
Penalties imposed on company directors for statutory violations during 2014-15 include individual fines alongside company penalties and, in specified cases, convictions involving imprisonment; the release lists implicated directors, breached statutory provisions, amounts of fines imposed on directors and companies, and the procedural status of each matter, distinguishing completed enforcement actions from those with appeals or other proceedings pending.

Corporate governance reforms enhance board and committee duties, auditor independence, and simplify company formation procedures.
Reforms strengthen corporate governance by increasing Board and committee responsibilities, enhancing stakeholder disclosures, securing auditor independence and appointment of Independent Directors. Indian Accounting Standards have been notified to improve reporting, CSR activities have been expanded, and amendments simplify company formation by removing minimum paid-up capital, common seal and commencement declarations and introducing an integrated incorporation e form.

Company registration and closure statistics presented with struck-off and liquidated categories, and no revival scheme formulated.
State/UT-wise counts of registered companies as at 30.06.2015 are reported alongside a closure dataset distinguishing struck-off and liquidated companies for the last three financial years and the current year up to 30.06.2015, with separate and combined totals; the Government has not formulated any scheme for revival of closed companies.

Submission deadline for Companies Law Committee extended to allow further stakeholder comments on Companies Act implementation.
The Government extended the submission deadline for stakeholder suggestions to the Companies Law Committee addressing implementation issues under the Companies Act; comments previously invited via the Ministry's online portal are now to be received until 31st July, 2015 to enable stakeholders to provide well researched inputs.

Official visit for BRICS finance ministers meeting and inaugural board meeting of new development bank strengthens multilateral financial engagement.
An official visit to Russia by the Union Minister of Finance is for participation in the Meeting of BRICS Finance Ministers and Central Bank Governors and attendance at the Inaugural Meeting of the Board of Governors of the BRICS New Development Bank. The itinerary includes arrival in the capital for the board meeting, travel to the conference site for the ministers' meeting, and return to the capital before departure home, reflecting planned ministerial delegation movements.