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IICA Marks Decade of Insolvency Code with National Conference and PGIP Convocation

Newsmantra — Tue, 16 Jun 2026 12:20:00 +0000

NEW DELHI. The Indian Institute of Corporate Affairs (IICA), in collaboration with the Association of Insolvency Professional Entities, organised a National Conference on “Redefining India’s Restructuring Ecosystem” at the Pradhan Mantri Sangrahalaya Auditorium to commemorate ten years of the Insolvency and Bankruptcy Code (IBC). The event also witnessed the convocation of the sixth batch of the Post Graduate Insolvency Programme (PGIP), during which 40 graduates were awarded degrees. Academic excellence awards sponsored by AZB & Partners were presented to top performers Ashish Kumar, Arun Kumar and K. Geetha Vaishnavi. Welcoming the gathering, IICA Director General and CEO Gyaneshwar Kumar Singh highlighted the significance of the two-year residential programme, which enables graduates to qualify as insolvency professionals without the conventional ten-year experience requirement.

Delivering the convocation address, Justice Ashok Bhushan, Chairperson of the National Company Law Appellate Tribunal (NCLAT), said the Insolvency and Bankruptcy Code has evolved significantly over the past decade, with major legal and operational issues now settled through landmark judicial pronouncements. He described the period from 2016 to 2021 as the “era of establishment” and the current phase as the “era of refinement,” noting that the Insolvency and Bankruptcy Code Amendment Act, 2026, reflects the legislation’s continued evolution. Justice Anupinder Singh Grewal, President of the National Company Law Tribunal (NCLT), in his keynote address, emphasized the need for stronger judicial and institutional coordination to ensure timely insolvency resolutions and advocated the adoption of the UNCITRAL Model Law on Cross-Border Insolvency to enhance India’s attractiveness as a global restructuring destination.

Addressing the conference, Ministry of Corporate Affairs Secretary Deepti Gaur Mukerjee described the Insolvency and Bankruptcy Code as a transformative reform that has reshaped India’s financial and corporate ecosystem. She highlighted that nearly ₹4 lakh crore has been recovered through resolution processes, with creditors realizing around 170 percent of liquidation value, while more than 32,000 cases were settled before formal admission, preserving credit worth nearly ₹14 lakh crore. Referring to the recently enacted Insolvency and Bankruptcy Code Amendment Act, 2026, she said the reform would further strengthen the insolvency framework and support the national vision of building a developed India under Viksit Bharat.

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The Evolution of Indian Corporate Social Responsibility: Shifting Focus from Spending to Strategic Equity

Newsmantra — Tue, 02 Jun 2026 11:34:08 +0000

NEW DELHI. India’s Corporate Social Responsibility ecosystem has seen massive financial growth, with annual spending surging from nearly 10,000 crore in fiscal year 2014-15 to around 35,000 crore in fiscal year 2023-24. While this transition reflects how compliance has successfully matured into a powerful mechanism for nation-building, a critical challenge has emerged regarding resource allocation. Development interventions frequently become concentrated within the same accessible villages, beneficiary groups, and prominent districts due to existing infrastructure and high visibility. This dynamic creates a saturation of services in specific areas, leaving resources duplicated among the same populations while many remote, tribal, and aspirational regions remain entirely outside the development net.

To counter this imbalance, the next evolution of corporate giving must move away from fragmented philanthropy and shift toward strategic investments in underserved geographies. True impact is diluted when multiple organizations repeatedly fund the same communities, drawing a parallel to multiple people feeding a single individual while others elsewhere go hungry. By redirecting capital, corporate expertise, and long-term commitment to the country’s most vulnerable and isolated pockets, businesses can address deep-seated developmental gaps. This pivot ensures that corporate capital functions equitably, actively seeking out communities that have historically been left behind by mainstream development frameworks.

With institutional scale and substantial capital now secured, the future of corporate social responsibility lies in piloting scalable, evidence-based models that governments can later institutionalize. Instead of repeating isolated interventions, companies possess the unique capability to test innovative frameworks and build robust ecosystems in challenging environments. Real social transformation is ultimately achieved not by measuring the sheer volume of capital deployed, but by expanding the boundaries of development to include those who are still waiting to be seen.

#CSR #CSRIndia #CorporateSocialResponsibility #MCA #NationBuilding #ViksitBharat2047 #ViksitMaharashtra #SocialImpact #InclusiveDevelopment #DevelopmentSector #ESG #Sustainability #PublicPolicy #SDGs #NGO

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IICA Conducts Specialised Training on Corporate and Insolvency Laws for IES and ITS Officers

Newsmantra — Thu, 05 Feb 2026 06:57:06 +0000

NEW DELHI. The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has organised a specialised training programme on the Companies Act, Competition Law and the Insolvency and Bankruptcy Code for 21 officers of the Indian Economic Service and Indian Trade Service. The programme is being held from February 2 to 6, 2026, at the IICA campus in IMT Manesar, with the objective of strengthening participants’ understanding of corporate regulatory frameworks, governance practices and their application in public policy and administration.

The programme aims to sensitise officer trainees to critical areas such as corporate finance, competition regulation and insolvency law, while aligning the curriculum with their professional roles and responsibilities. Participants will gain insights into the management of company affairs, powers and investigative functions of the Competition Commission of India, regulatory governance, anti-competitive practices, debt and default, data-driven decision-making, drafting and legislative intent, and the Corporate Insolvency Resolution Process. The training also covers the roles of the National Company Law Tribunal and the National Company Law Appellate Tribunal, providing practical exposure to contemporary corporate and insolvency frameworks.

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MCA to Open New Regional Directorates and Registrar of Companies Offices from February 2026

Newsmantra — Fri, 02 Jan 2026 07:28:12 +0000

NEW DELHI. In a major step towards strengthening regulatory facilitation and enhancing Ease of Doing Business, the Ministry of Corporate Affairs (MCA) has announced the establishment of three new Regional Directorates (RDs) and six new Registrar of Companies (RoCs), effective from 16 February 2026. The restructuring aims to improve administrative efficiency and provide better services to businesses across various regions of the country.

In the northern region, the existing Regional Directorate at Delhi has been bifurcated into RD (NR-I) at New Delhi, covering NCT of Delhi and Uttar Pradesh, and RD (NR-II) at Chandigarh, covering Haryana, Himachal Pradesh, Punjab, Uttarakhand, and the UTs of Chandigarh, Ladakh and Jammu & Kashmir. Correspondingly, RoC Delhi has been split into three offices—two for different districts of NCT of Delhi and one new RoC at Chandigarh for Haryana. Additionally, a new RoC at Noida has been created by carving out 17 western districts of Uttar Pradesh from RoC Kanpur.

Similarly, the Western Region has been reorganized with RD (WR-I) at Mumbai for Mumbai districts, Goa and Daman & Diu, and RD (WR-II) at Navi Mumbai for the rest of Maharashtra. RoC Mumbai has been split into Mumbai-I and Mumbai-II, and a new RoC at Nagpur will cater to Vidarbha and parts of Marathwada. Further, a new South-Western Regional Directorate has been established at Bengaluru for Karnataka, Kerala and Lakshadweep, while RoC Kolkata has been divided into two offices to separately handle Kolkata district with Sikkim and the rest of West Bengal.

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Secretary, MCA Visits IICA for Review and Deliberations

Newsmantra — Mon, 01 Sep 2025 12:57:52 +0000

Secretary, Ministry of Corporate Affairs (MCA), Smt. Deepti Gaur Mukherjee visited the Indian Institute of Corporate Affairs (IICA) on 29 August 2025, where she was welcomed by officials from IICA, CRC, CPAC, CPACE and ICLS. DG & CEO Shri G. K. Singh delivered a presentation in the presence of faculty members and senior MCA officials. The visit included key discussions, assignment of follow-up responsibilities, a review of infrastructure and activities at Facility Centres/CRC, and a campus tour, concluding with fruitful deliberations and clear directives for action.

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IICA’s Role in Promoting Responsible Business Conduct

Newsmantra — Tue, 22 Jul 2025 05:57:04 +0000

The Indian Institute of Corporate Affairs (IICA), operating under the Ministry of Corporate Affairs, plays a key role in fostering responsible business practices through academic research, capacity building, and advocacy. As part of this mandate, IICA launched its programme on responsible business conduct and hosts the National Conference on Responsible Business Conduct (NCRBC) annually. This conference facilitates multi-stakeholder dialogue, knowledge exchange, and skill enhancement on responsible business themes. While it promotes a shared understanding of good practices and supports academic development in the area of business responsibility, the conference is not a regulatory or policymaking platform and does not entail formal government follow-up mechanisms.

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Govt Tightens CSR Norms to Boost Transparency and Accountability

Newsmantra — Mon, 21 Jul 2025 06:02:03 +0000

NEW DELHI. In a move aimed at strengthening the governance of Corporate Social Responsibility (CSR) spending, the Ministry of Corporate Affairs (MCA) has implemented stricter compliance norms through a revised CSR-1 form, effective July 14, 2025. The new rules are designed to enhance transparency, traceability, and accountability in CSR implementation by partner organizations.

Key Changes in CSR Compliance:

Stricter Eligibility Norms

Only organizations registered under Section 12A, 80G, or 10(23C) of the Income Tax Act are now eligible to register for CSR funding. This move is expected to ensure financial credibility and regulatory oversight of implementing agencies.

Mandatory Track Record

NGOs and other entities not set up directly by a company must now demonstrate at least three years of experience in similar developmental work to qualify for CSR partnerships.

Digital Verification for All email addresses submitted must be OTP verified, and the form must be digitally signed by an authorized representative of the organization.

Complete Board Disclosure Required

Entities must now provide comprehensive details of their Board of Directors, trustees, or senior executives—specifically PAN numbers, designations, and verified email IDs.

Professional Certification Now Mandatory

The revised CSR-1 form must be digitally certified by a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA). Importantly, the certifying professionals will now be legally accountable for any false or misleading information submitted.

These reforms reflect the government’s intent to ensure that CSR funds are utilized effectively, and only by organizations that meet rigorous financial, ethical, and operational standards. Companies are advised to thoroughly vet their CSR partners and ensure full compliance with the updated guidelines.

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MCA Introduces New Web-Based CSR-1 Form to Strengthen Oversight of CSR Activities

Newsmantra — Tue, 15 Jul 2025 10:46:21 +0000

NEW DELHI. The Ministry of Corporate Affairs (MCA) has launched a revamped, web-based Form CSR-1, effective from July 14, 2025, aimed at improving transparency and accountability in corporate social responsibility (CSR) initiatives. The new form is now mandatory for all entities—including Section 8 companies, registered public trusts, registered societies, and entities created by Acts of Parliament or State Legislatures—that intend to implement CSR activities on behalf of companies. These entities must register with the Central Government through the updated CSR-1 before undertaking any CSR projects mandated under Section 135 of the Companies Act, 2013.

The new form requires comprehensive entity details, PAN-based verification, OTP-verified email IDs, and digital signatures from authorized personnel. It also mandates professional certification by a practicing CA, CS, or CMA, and proof of registration under Section 12A and approval under Section 80G of the Income Tax Act, 1961. While entities previously registered under the old CSR-1 format are not required to re-register, all new applicants must now comply with the updated online format. This initiative is expected to enhance corporate due diligence, improve the credibility of implementing agencies, and foster a more transparent and efficient CSR ecosystem in India.

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IOD Delegation Meets Senior Officials at Ministry of Corporate Affairs

Newsmantra — Mon, 14 Apr 2025 06:24:44 +0000

A high-level delegation from the Institute of Directors (IOD), India, recently met with Ms. Deepti Gaur Mukherjee, IAS, Secretary of the Ministry of Corporate Affairs (MCA), and Mr. D. Balamurugan, IAS, Joint Secretary, MCA, to discuss potential amendments to the Companies Act, 2013, aimed at aligning the legislation with the evolving landscape of corporate governance in India.

The delegation, led by Lt. Gen. Surinder Nath, PVSM, AVSM (Retd.), President of IOD, included prominent members such as Mr. Desh Deepak Verma, IAS (Retd.), Principal Advisor; Mr. Sailesh, IAS (Retd.), Senior Strategic Advisor; Dr. Sameer Sharma, IAS (Retd.), Honorary Chairman, IOD Hyderabad Region; Mr. Pradeep Chaturvedi, Vice President; and Mr. Manoj K. Raut, CEO & Secretary-General of IOD. The discussion was constructive and focused on strengthening India’s corporate governance framework in line with global best practices.

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Landmark National Conference on Responsible Business Conduct Concludes

Newsmantra — Fri, 06 Sep 2024 08:16:05 +0000

The Indian Institute of Corporate Affairs (IICA), a think tank of the Ministry of Corporate Affairs, successfully concluded the National Conference on Responsible Business Conduct in collaboration with the Ministry of Environment, Forest and Climate Change, Mission LIFE, and the Ministry of MSMEs. The two-day conference, themed “Escalating ESG for Viksit Bharat”, brought together policymakers, industry leaders, and experts to discuss the role of Environmental, Social, and Governance (ESG) principles in advancing India’s sustainable development goals by 2047.

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