IFRS implementation delay urged as companies seek additional preparatory time pending harmonised standards and revisions.
FICCI urges postponement of implementation of IFRS beyond the scheduled date as unworkable, asking that transition begin only after harmonised, notified and legislated converged accounting standards are in place and requesting at least one year of preparatory time from that point to allow companies to adopt new accounting concepts and systems.

Institutionalisation of accounting standards body proposed to include quasi-regulatory audit quality supervision, following parliamentary recommendation
Recommendation to institutionalize the National Advisory Committee on Accounting Standards as the body for framing accounting standards and to extend its remit to include quasi-regulatory supervision of audit quality; the Parliamentary Standing Committee on Finance made this proposal and the report is under governmental consideration.

Social audit as an accountability mechanism: professionals urged to operationalize audits and integrate social accounts into corporate reporting.
Social audit is an emergent accountability mechanism to be operationalized by Chartered Accountants across organizational levels; its genesis, evolution, process and methodology were outlined, professionals were urged to act as practical whistleblowers, and corporates were advised to prepare social accounts and include excerpts in the corporate social accountability report to enhance triple bottom line disclosure.

Company strike-off relief allows defunct companies to seek name removal under a relaunched easy exit scheme.
The relaunch of the Easy Exit Scheme provides an administrative pathway under the Companies Act for inoperative or defunct companies that have not filed required documents with the Registrar to apply for removal of their names from the Register of Companies, targeting entities inactive since incorporation or later rendered inoperative.

Unified electronic filing system enables online regulatory filings and public access to company and intermediary disclosures.
SEBI has established a unified electronic filing and dissemination system called SUPER-D to enable listed companies and intermediaries registered with SEBI to make online regulatory filings that are accessible to the public, centralising submission and public disclosure of regulatory requirements.

Foreign portfolio inflows into Indian capital markets rose, with regulator data showing equity and debt allocations and analyst rationale.
Securities and Exchange Board of India data reported significant foreign institutional investor inflows in November, providing month and year-to-date totals and breaking down the investments into equity and debt market components. The release notes analysts' explanations linking allocations to emerging market growth prospects and international risk events, serving as regulator-sourced disclosure of portfolio movements.

Companies' delayed filing fees now follow a tiered fixed schedule (2x, 4x, 6x, 9x) to promote prompt e filing.
The Ministry revised the additional fee regime to a tiered fixed schedule for delayed filing (excluding Form 5): two times normal fee up to 30 days; four times for 31-60 days; six times for 61-90 days; nine times for over 90 days, effective 5 December 2010, while noting that statutory provision allows additional fee up to ten times and advising prompt e filing under the MCA 21 programme.

Additional filing fee hike increases penalties for late company filings under Companies Act, imposing higher multipliers for delay.
Revision of additional fees under Section 611(2) of the Companies Act, 1956 (effective 5 December 2010) imposes tiered surcharge multipliers on delayed filing of annual returns, balance sheets and other prescribed documents with the Registrar of Companies; higher multiples of the normal filing fee apply for longer delay periods, converting time-based noncompliance into escalating additional fees and incentivising timely submission.

Companies law reform delayed, Bill to be tabled in next session after comprehensive parliamentary committee review.
The government postponed parliamentary consideration of the Companies Bill 2009 to the Budget session; the Bill, reintroduced after lapsing with the prior Lok Sabha's dissolution, aims to replace the long standing companies statute and is under review following an extensive Parliamentary Standing Committee on Finance report whose recommendations the administration intends to consider before re tabling.

Registrar of Companies oversight of IPO fund end use may require major staffing expansion to enforce new monitoring powers.
The Companies Bill proposes empowering the Registrar of Companies to monitor the end use of IPO proceeds, expanding RoC functions beyond incorporation and recordkeeping to active compliance verification; RoC officials told the Parliamentary Standing Committee that operationalizing such monitoring would require a substantial increase in regional manpower and resources, given the current cadre responsible for records of over eight hundred thousand companies.

Company law settlement offers defaulting companies immunity and compliance pathway; easy exit simplifies striking off defunct companies.
The Company Law Settlement Scheme, 2010 allows defaulting companies to cure non compliance by filing belated documents, paying normal and additional fees, and receiving immunity from prosecution processed through an electronic workflow. The Easy Exit Scheme, 2010 provides a simplified section 560 procedure to strike defunct companies from the register; both schemes operate for a limited period and have attracted multiple applications.

Capital gains taxation restructured: adjusted gains and indexation rules replace prior exemptions, altering treatment for investors and FIIs.
The paper treats income from investment asset transfers as capital gains included in total income and taxed at applicable rates, removes usual short/long term distinctions except for one year thresholds for certain treatments, and sets computation rules (consideration minus cost, improvement and transfer expenses with indexation where held beyond one year). Listed equity and equity fund units held over one year receive a specified deduction from gains without indexation and are taxed at marginal rates; other long held assets benefit from a shifted base date with indexation. FIIs' securities income is deemed capital gains, exempt from TDS but subject to advance tax, and STT is to be recalibrated or abolished.