National Competition Policy consultations advance revised draft to incorporate stakeholder input and guide ministries and state governments.
The Revised National Competition Policy is being finalised through a Committee-prepared draft published for public comment, revised in light of submissions, and subjected to successive stakeholder consultations and expert sectoral engagement to identify sector-specific adaptations; the resulting policy will serve as a guiding framework for central ministries and state governments to adopt competition principles in regulation and administration.

Competition policy to guide government ministries and promote transparency and competition culture across procurement and sectors.
New Competition Policy will complement the Competition Act by supplying normative principles to promote competition culture and transparency, guide procurement reform to reduce arbitrariness, and provide cross-cutting guidance for central ministries, state governments and local bodies; it will be developed through public consultation, expert input and sector-specific recommendations and will inform legal and normative changes required of government departments.

Violation of deposit terms prompts prosecutions and inquiries into non-repayment by private companies, with companies asked to respond.
Violation of deposit terms and non-repayment of public deposits by private companies prompted governmental inquiry and enforcement action. Prosecutions were instituted against several named companies for alleged breaches, and additional companies have been asked to provide comments as part of ongoing compliance and fact-finding processes.

Company closure schemes enable streamlined exit for defunct companies; no fee under Easy Exit Scheme, fast track measures introduced.
Defunct companies are those failing to file Annual Returns and Balance Sheets for three consecutive years. A number of companies were closed under the Easy Exit Scheme, 2010, which imposed no fee. The Ministry announced further closure mechanisms-Easy Exit Scheme, 2011 and Guidelines for Fast Track Exit Mode-to provide expedited, less burdensome routes for company closure and administrative removal from the register.

Societies Registration Act review proposed to study NGO transparency and potential mandatory e filing measures.
An expert group has been constituted to examine the legislative and regulatory architecture of the Societies Registration Act, 1860; its report is pending. The announcement addresses whether the Act will be reviewed to enhance NGO transparency and consider mandatory electronic filing of societies' statements.

Cartel allegation in synthetic fiber sector prompts formal competition regulator investigation and inquiry continues pending determination
Allegations of cartelization among polyester and synthetic fiber manufacturers prompted the competition regulator to direct its Director General to conduct a fact-finding investigation into the alleged anticompetitive conduct. The inquiry remains ongoing, with evidence collection and assessment underway and no final determination or enforcement action disclosed.

Appointment of Managing Directors: Ministry reports nearly all applications processed; only a single case delayed pending company information.
The Ministry of Corporate Affairs reported that applications for appointment and re appointment of Managing Directors and whole time directors under the Companies Act have been largely processed; only one application remained pending beyond a year owing to non submission of requisite information, and the company has been asked to furnish the same.

Corporate directorship disclosure: no company lists a named individual as director, while associates hold multiple registered directorships.
A ministerial statement reported no company registered with Baba Ramdev as director and 34 companies registered with Acharya Balkrishna as director, provided a State/UT breakdown with associated annual turnover figures, and noted that annual returns and balance sheets for 2010-11 were due from 1 October 2011, so reasons for any short term increase in turnover have not been identified.

Corporate fraud monitoring: e governance disclosure and an early warning system to detect likely irregularities and prioritise follow up.
The Ministry reports no verified increase in corporate frauds while publishing prosecution counts and aggregate fines for recent years; it has implemented MCA-21 to make company filings publicly viewable and is developing an Early Warning System (EWS) that applies identified risk parameters to submitted financial statement data to detect likely fraud and prioritise follow up action.

Understaffing at Competition Commission prompts temporary expert hires and deputation drives to sustain regulatory operations.
Understaffing at the Competition Commission of India has left many sanctioned posts vacant; vacancies are being advertised and ministries and institutions are solicited to sponsor officers for deputation, while the Commission engages short-term experts under the authority of the Competition Act and its regulations to address immediate operational shortages as it processes received cases.

Corporate Social Responsibility guidance: central public sector enterprises must adopt a CSR budget tied to prior-year net profit.
The Government has not mandated a universal CSR policy for all companies; however, the Department of Public Enterprises' April 2010 guidelines require Central Public Sector Enterprises (except loss-making ones) to adopt, by board resolution, a CSR budget set as a specified percentage of the previous year's net profit. The Ministry has issued National Voluntary Guidelines to promote corporate social, environmental and economic responsibilities and is considering related provisions in the Companies Bill, 2009.

Unregistered multi-level marketing operations subject to investigation under companies law following failure to register company and place of business.
Preliminary inquiry found M/s. Speak-Asia Online Pte, a foreign multi-level marketing company, was not registered under the Companies Act, 1956 and had not registered its place of business with the Registrar of Companies; the Ministry of Corporate Affairs ordered an investigation under Section 235 of the Companies Act, 1956.

Regulatory exchange programme between India and UK sought to enable chartered accountant training and professional exchanges.
A UK accountants delegation requested a regular regulatory exchange programme with India to facilitate regulator interaction, professional exchanges, and joint training programmes for Chartered Accountants; the Minister proposed the Indian Institute of Chartered Accountants as the nodal agency and invited the delegation to visit the IICA Manesar campus.