<h1>India Boosts Business Ranking with Corporate Reforms: SPICe, Companies Act Changes, and Insolvency Code Amendments.</h1> In 2019, the Ministry of Corporate Affairs introduced multiple initiatives to enhance business operations and corporate compliance in India. These efforts improved India's ranking in the World Bank's Doing Business report, moving up 14 places to 63rd. Key measures included the Simplified Proforma for Incorporating Company Electronically (SPICe), decriminalization of certain Companies Act violations, and revisions to the Debenture Redemption Reserve. The Insolvency and Bankruptcy Code was amended to prioritize repayment and improve resolution processes, leading to a significant jump in India's Resolving Insolvency Index ranking. These changes aimed to foster a more efficient and transparent business environment.