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    Union Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur launches IEPFA’s 6 modules of short films titled “Hisab Ki Kita...
    Expert Committee on Variable Capital Company submits its report to the International Financial Services Centres Authority (IFSCA)
    Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur launches 1st Phase of MCA21 Version 3.0
    Finance Minister Smt. Nirmala Sitharaman commemorates 12th Founding Day of Competition Commission of India via virtual mode
    Cabinet approves Memorandum of Understanding between Institute of Chartered Accountants of India and Qatar Financial Centre Authority
    Finance Minister Smt. Nirmala Sitharaman participates in Governor’s Seminar as part of Asian Development Bank’s annual meeting 2021
    Finance Minister Smt. Nirmala Sitharaman assures ramp up in supply of Oxygen & Remdesivir to States; reiterates the importance of micro - containment ...
    Finance Minister Smt. Nirmala Sitharaman participated in 103rd meeting Development Committee Meeting of World Bank-IMF
    Finance Minister Smt. Nirmala Sitharaman attends Plenary Meeting of International Monetary and Financial Committee (IMFC) of IMF through video-confere...
    Finance Minister Smt. Nirmala Sitharaman attends Second Virtual G20 Finance Ministers and Central Bank Governors Meeting
    ₹ 2,74,034 crore Foreign Portfolio Investments (FPI) inflows in Indian equity markets
    Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
    Finance Minister Smt. Nirmala Sitharaman attends 6th Annual Meeting of Board of Governors of New Development Bank through video-conference
    Finance Minister Smt. Nirmala Sitharaman launches Central Scrutiny Centre and IEPFA’s Mobile App to leverage digital solutions to achieve Prime Mini...
    Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme
    Bankrupt Companies after lockdown was imposed due to COVID-19 pandemic
    Sanction for prosecution accorded in 366 cases in violation of CSR provisions
    SFIO investigating 20; RDs investigating 38 cases in misuse of corporate structure/ fraud Financial Year 2020-21
    1,38,051 new companies registered from April 2020 to February 2021
    23.24 lakh loans have been sanctioned and 18.54 lakh loans have been disbursed under PM SVANidhi Scheme
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June 3, 2021
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Investor education through short films promotes financial literacy and protection, warning citizens against Ponzi schemes and encouraging savings.
IEPFA launched a six module short film series, "Hisaab Ki Kitaab," as training tools for Investor Awareness Programs; each five minute module addresses budgeting, savings, insurance, government social security schemes and warnings about Ponzi schemes, and the initiative is intended to bolster financial literacy and inclusion through digital dissemination and partner organisations.
June 2, 2021
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Variable capital company proposed as an IFSC fund vehicle, enabling asset segregation and share-class flexibility.
Adoption of a Variable Capital Company (VCC) structure is recommended for IFSC fund management to address limitations of companies and LLPs and to provide higher regulatory standards than trusts. The VCC-like framework should ensure investor certainty, effective segregation and ring-fencing of asset pools, ability to issue different share classes, alter capital structure without regulatory approval, select suitable accounting standards, and permit rapid winding-up.
May 24, 2021
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Corporate compliance digitalisation enhances stakeholder engagement via a revamped portal and AI-driven e-consultation analytics.
Launch of MCA21 Version 3.0 Phase 1 deploys a revamped website, an electronic book with historical legislative tracking, an e-consultation module using AI to compile and categorise stakeholder comments into analytical reports, and upgraded email services; operational changes reduce attachment requirements, convert forms to web-based formats and strengthen pre-fill mechanisms to streamline corporate filings and regulatory interaction.
May 20, 2021
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Competition regulation urged to be market friendly and forward looking, with proactive industry engagement and merger regime reform.
Competition regulation should be market friendly, trust based and forward looking, with the Commission proactively engaging industry to hear legitimate claims while preventing undermining of market processes. The release notes merger regime amendments dispensing with non compete disclosure at notification and endorses market studies to detect imperfections. It records CCI operational reforms-e filings, virtual hearings, a business advisory for supply coordination, and a green channel automatic approval route that approved thirty combinations-and a workshop on antitrust enforcement and the merger regime.
May 12, 2021
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Memorandum of Understanding boosts professional recognition and cooperation for chartered accountants between India and Qatar.
Approval of a Memorandum of Understanding between the Institute of Chartered Accountants of India and the Qatar Financial Centre Authority creates a cooperation framework to strengthen the accounting profession in Qatar, enhance recognition and prospects for ICAI members, support Indian businesses in Qatar, and provide institutional benefits to the Ministry of Corporate Affairs, ICAI and QFCA. The MoU envisages facilitating professional service provision in assurance, auditing, advisory and taxation, delivering specialized training for local professionals and students, and collaborating on corporate governance, quality assurance, forensic accounting, Islamic finance and Continuing Professional Development.
May 4, 2021
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International cooperation for resilient recovery: share health tools, secure raw materials, and strengthen multilateral support for health resilience.
Enhanced international cooperation is the primary mechanism for a green, resilient recovery, requiring sharing of diagnostics, therapeutics, vaccines and technologies and enabling access to critical raw materials for scaling vaccine manufacturing. India's engagement in multilateral initiatives and national policies supporting MSMEs, private sector and civil society participation complement multilateral financing and the creation of digital and disaster resilient assets, with a call for development banks to prioritize health resilience and comprehensive regional solutions.
April 22, 2021
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Medical supply assurance: government enables measures to ramp up oxygen and Remdesivir supply and broaden vaccination access.
Assurance of stepped-up medical supply measures focuses on ensuring uninterrupted availability of oxygen and Remdesivir by permitting repurposing of industrial gas containers for oxygen transport, operating filling stations round-the-clock, importing oxygen, accelerating clearances for new Remdesivir capacity, restricting exports of the drug and its APIs, and allowing EoUs and SEZ manufacturers to sell domestically; concurrently policy shifts favour micro-containment over lockdown and expand vaccination access by allowing industry vaccination, vaccine imports and advance procurement support to manufacturers.
April 10, 2021
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Debt sustainability urged to guide World Bank crisis response while protecting multilateral financial capacity and vaccine access support.
The Minister highlighted World Bank-IMF agenda items on debt relief, vaccine access, and recovery toward green, resilient and inclusive development; recounted India's Aatma Nirbhar stimulus measures aimed at social protection and reform; welcomed WBG's increased pandemic financing and urged sustained crisis-response operations that balance vulnerable countries' debt sustainability with the financial sustainability of the World Bank Group while supporting timely, affordable vaccine access.
April 9, 2021
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Equity and differentiated responsibility: low carbon transitions must account for burdens on emerging and low income economies.
The plenary stressed ending the pandemic and universal vaccine access as the foremost priority, noting large-scale vaccination and international vaccine supply efforts. It warned that hastening the low-carbon transition could impose disproportionate short-term burdens on Emerging Market and Developing Economies and low-income countries, and urged adherence to the principles of equity and differentiated responsibility so climate policies do not deepen divergence while recovery remains underway.
April 8, 2021
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Equitable vaccine access urged; align G20 finance measures with financing for vulnerable economies and green transition.
G20 ministers updated the COVID 19 Action Plan to coordinate policies restoring sustainable inclusive growth, support financing for vulnerable economies, advance the international taxation agenda, and mobilise finance for green transitions while upholding Paris Agreement commitments; India urged equitable vaccine access and recommended that the High Level Independent Panel incorporate national vaccination experience, and supported a six month extension of the Debt Service Suspension Initiative to aid the most vulnerable.
April 6, 2021
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FPI regulatory reform boosts foreign equity inflows by improving access and investment climate in Indian markets.
Foreign Portfolio Investment inflows into Indian equity markets totalled Rs. 2,74,034 crore in FY 2020 21. The rise in equity FPI inflows is linked to a faster economic recovery, stimulus measures, and targeted policy reforms: simplification and rationalisation of the FPI regulatory regime, an online Common Application Form for SEBI registration, streamlined PAN allotment, and facilitation of bank and Demat account opening. Raising the aggregate FPI investment limit from 24% to the sectoral cap increased index weightage and attracted passive and active foreign capital.
April 5, 2021
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Pre-packaged insolvency process for micro, small and medium enterprises creates expedited, creditor driven framework for resolution, approvals and timelines.
The Ordinance inserts Chapter III A to introduce a pre-packaged insolvency resolution process for corporate debtors that are micro, small or medium enterprises, subject to eligibility conditions including creditor approvals, management declarations, a member/partner resolution and submission of a base resolution plan. The insolvency professional approved by specified financial creditors must report on eligibility and the base plan; the Adjudicating Authority must admit or reject applications within 14 days; the process must conclude within 120 days with moratorium, committee of creditors oversight, 66% voting thresholds for key decisions, potential conversion to full CIRP, and specified penalties for fraudulent or false information.
March 31, 2021
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Countercyclical lending and multilateral infrastructure finance urged to support emergency assistance and mobilize sustainable project funding.
The New Development Bank meeting emphasized countercyclical lending and emergency assistance during systemic shocks, the necessity of adequate capitalization and governance to support credit ratings, and the promotion of innovative financing, private sector participation, co financing with other multilateral development banks, project pipeline development, and environmental and social safeguards to mobilize resources for infrastructure and sustainable development.
March 25, 2021
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Corporate data scrutiny using a centralised screening mechanism to detect STP filing defects and protect investor interests.
The Central Scrutiny Centre will screen Straight Through Process (STP) filings on the MCA21 registry to detect data quality issues and irregularities, flag companies for further scrutiny, and notify the concerned Registrar of Companies to restore data authenticity and enable sharing with other regulators. The IEPFA Mobile App provides investor education, refund-claim tracking and a mechanism to report suspected fraudulent schemes, supporting outreach and protection objectives.
March 23, 2021
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Deadline extension for corporate compliance schemes declined; ministry says initial moratorium provided sufficient time, no extension proposed.
The Ministry of Corporate Affairs implemented the Companies Fresh Start Scheme, 2020 and the LLP Settlement Scheme, 2020 to allow companies and LLPs to regularise filing defaults by condoning delays, granting immunity from prosecution and penalty proceedings, and waiving additional fees during a moratorium; both schemes were extended during the pandemic, concluded on the specified end date, and the ministry has declined further extension on the basis that the provided compliance window was sufficient.
March 22, 2021
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Suspension of corporate insolvency proceedings temporarily shields COVID-period defaults, with threshold increases and director liability protection.
For 1 April 2020 to 31 December 2020, 283 firms entered CIRP with 76 resolved, 128 closed by withdrawal/appeal/settlement and 189 liquidated; 30 corporate persons were dissolved/sold/compromised under section 230 through liquidation and 59 under voluntary liquidation. The default threshold under the Insolvency and Bankruptcy Code was raised to one crore, Section 10A temporarily suspended initiation of CIRP for specified COVID-period defaults which remain carved out for initiation purposes, and Section 66 was amended to protect directors from personal liability for COVID-period defaults.
March 22, 2021
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Corporate Social Responsibility compliance: prosecution may be sanctioned but defaults remain compoundable under a disclosure-based board governance regime.
Sanction for prosecution has been accorded in multiple CSR-related compliance cases, but all CSR defaults are compoundable, and some sanctioned matters have been compounded following applications. CSR governance is Board-driven and disclosure-based, with the Board and its CSR Committee responsible for planning and oversight and with mandatory annual disclosure of CSR expenditure and statutory safeguards including audit and committee accountability.
March 22, 2021
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Corporate governance enforcement expanded: fraud investigations and statutory investor protections reinforced under company and securities frameworks.
Investigations into alleged misuse of corporate structures and fraud have been assigned to the Serious Fraud Investigation Office and Regional Directors, while securities and company law frameworks enable enforcement through exchange levied sanctions, freezing of promoter holdings, suspension or delisting for persistent non compliance, and statutory enforcement powers. The Companies Act, 2013 establishes enhanced corporate governance measures-managerial accountability, audit oversight, disclosure obligations, regulation of related party transactions, director composition rules, whistle blower mechanisms, SFIO powers and auditor duties to report fraud-alongside investor protections including restitution via the Investor Education and Protection Fund, class action remedies, and expanded postal/electronic voting for key corporate actions.
March 22, 2021
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Company registration trends show high incorporations and strike offs, emphasising statutory filing and registry access requirements.
A significant number of new companies were incorporated while a cohort of companies were struck off under the Companies Act, 2013. Financial statements filed by companies are retained in the public registry for statutory compliance and inspection; the Ministry does not calculate aggregate financial ratios from filed statements and warns that filing delays and defaults make cross year ratio comparisons unreliable.
March 22, 2021
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Collateral-free working capital loans enable street vendors access to credit with repayment-linked incentives under a national relief scheme.
Pradhan Mantri Street Vendors Atma Nirbhar Nidhi Scheme provides collateral-free working capital loans with short tenure and conditions for access to enhanced credit tied to timely or early repayment. The scheme offers repayment-linked incentives, notably an interest subsidy and cashback on prescribed digital transactions, and requires socio-economic profiling to determine beneficiaries' eligibility for other welfare programmes and to enable onboarding to e-commerce platforms.

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