<h1>MCA Eases Compliance for Small Companies; SEBI Reforms Board Rules for CRAs and Listed Entities per Kotak Committee.</h1> The Ministry of Corporate Affairs (MCA) is implementing measures to ease compliance for small companies, One Person Companies (OPCs), and start-ups by amending the Companies Act, 2013. The Companies (Auditor's Report) Order, 2016, excludes private schools and hospitals on concession land. The government supports the inclusion of Institute of Chartered Accountants of India (ICAI) members on the NFRA Board, asserting no conflict of interest. The Securities and Exchange Board of India (SEBI) has introduced governance reforms for Credit Rating Agencies (CRAs) and listed entities, including board composition requirements, enhanced disclosure norms, and mandatory independent directors, following recommendations from the Kotak Committee.