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    <title>MCA initiatives to reduce cost of compliance by various small private limited companies</title>
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    <description>Ministry measures ease compliance for small private companies and OPCs by amending the Companies Act framework and excluding certain private schools and hospitals from CARO, 2016 reporting. NFRA board composition includes ICAI representation while executive functions under section 132 are delegated to NFRA&#039;s executive body to avoid conflict of interest. SEBI has mandated strengthened governance for CRAs and listed entities, including segregation of non rating activities, dedicated Chief Ratings Officer reporting, specified board and committee structures, enhanced disclosure and audit obligations, and tighter related party and promoter requirements.</description>
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