Corporate capacity building drives an institute to coordinate regulators and business for improved governance and convergence.
The Ministry of Corporate Affairs established the Indian Institute of Corporate Affairs as a registered society and Board-governed think tank to provide capacity building, research, and service delivery supporting corporate growth, regulatory reform and convergence among Government, regulators and business. The Institute will pursue global partnerships and MOUs, and support Ministry initiatives including e-governance, legislative reform, competition regulation, and convergence with international accounting standards.

Monopolistic and restrictive trade practices: Commission found multiple violations, issuing cease-and-desist orders and awarding compensation.
The MRTP Commission found breaches of the MRTP Act in 128 cases from January 2006 through September 2008, issuing cease-and-desist orders in a portion of matters and allowing compensation in others. Yearly figures reported: 2006-67 violations with 26 cease-and-desist orders; 2007-41 violations with 18 cease-and-desist orders; 2008 (to September)-20 violations with 5 cease-and-desist orders. The Minister presented these enforcement outcomes and a list of guilty companies to Parliament in a written reply.

Accounting standards require convergence with international norms and provide SMC exemptions to ease compliance.
The Government, acting under the Companies Act, prescribes Accounting Standards aligned with international norms to ensure reliable, comparable financial reporting and legal enforceability, while incorporating exemptions and relaxations for Small and Medium Companies to reduce disproportionate compliance burdens.

National Advisory Committee on Accounting Standards advises central government on formulation and adoption of accounting policies and standards.
Constitution of the National Advisory Committee on Accounting Standards to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or classes of companies under the Act, establishing a consultative mechanism to inform the government's standard-setting process and corporate reporting requirements.