Year End Review-2024 : Ministry of Corporate Affairs
Year End Review-2024 : Ministry of Corporate Affairs
The major initiatives and achievements of the Ministry of Corporate Affairs during the Year 2024 are as follows:
Prime Minister’s Internship Scheme – Pilot Project
Migration of MCA V2 to V3: Enhancing Efficiency and Compliance
Major Initiative Under Jan Vishwas
(1)-Recognition of Legal Heirship Certificate for Share Transmission
(2)Simplification of Processes for Lost Share Certificates
(3)Elimination of Surety Requirements for Duplicate Physical Security Certificates
Enhanced Grievance Redressal Mechanism
To enhance accessibility, increase interactivesness; bring financial inclusiveness and engagement with stakeholders, IEPFA successfully conducted
Setting of an Integrated Technology Platform under the IBC:
Achievements/performance of the Insolvency and Bankruptcy Code, 2016:
Competition Commission of India (CCI) achievements:
CCI initiated a Study on “Competition Issues in Renewable Energy Sector across BRICS Nations”.
Increased Compliance and Filing Rates:
Proactive Advisory Initiatives:
Examination of Existing Framework of Cost Audit and its Rules:
Newly established office i.e., Central Processing Centre (CPC) in the year 2024.
Empowering the Regional Directors
Amendment in Companies (Indian Accounting Standards) Rules, 2015 has been effected to bring changes in Ind AS 116 and introduction of Ind AS 117 as follows:
Centre established for Processing Accelerated Corporate Exit (CPACE)
Amendments in Companies Act, 2013, and L.L.P Act 2008,