**Executive Summary**
This document is the year-end review for 2025 from the Ministry of Corporate Affairs. It highlights key achievements, regulatory changes, and initiatives undertaken to improve the corporate environment and investor protection. The review includes amendments to company rules, enhancements to the Insolvency and Bankruptcy Code, and the launch of new infrastructure initiatives. The new Regional Directorates and Registrar of Companies offices will become operational from 1st January, 2026.
**Key Points / Main Content**
* **Enhancements for Small Companies:**
* Threshold limit of paid-up share capital and turnover for small companies has been enhanced.
* MCA notification no. G.S.R. 880(E) dated 01.12.2025 has enhanced the threshold limit of paid-up share capital and turnover upto Rs.10 crore and Rs.100 crore respectively for small companies.
* **Amendments to Company Rules:**
* The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 amended on 31st December, 2025, to ease procedures for closure of government companies applying with Registrar C-PACE under section 248(2) of the Companies Act, 2013. An indemnity bond from an authorised representative is required.
* Amendments to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 on 4th September 2025 to widen the scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013 allowing additional classes of companies to avail fast-track mechanisms.
* **KYC Requirements:**
* Annual KYC requirements under the Companies Act, 2013 have been replaced with abridged KYC requirements once in three years. The amendment is effective from 31st March, 2026.
* **Insolvency and Bankruptcy Code (IBC):**
* The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introduced in the Lok Sabha on 12th August 2025 to reduce timelines, improve value maximisation, and strengthen governance.
* A total of 1300 resolution plans approved till September 2025 under IBC; creditors realised Rs. 3.99 lakh crore.
* A digital platform is under development to integrate key stakeholders and institutions within the IBC ecosystem.
* **Investor Education and Protection Fund Authority (IEPFA):**
* IEPFA launched an Integrated Portal and Dedicated Call Centre in August 2025 for faster claim settlement and enhanced investor support.
* Form IEPF-5 and Electronic Verification Report (EVR) re-notified on 6th October 2025, enabling auto-fetching of bank details.
* **Infrastructure Development:**
* Establishment of 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai, and Bengaluru.
* Establishment of 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur, and Chandigarh, effective from 1st January, 2026.
* **General Circulars:**
* General Circulars issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
* **Competition Law:**
* 35 new antitrust cases registered and 19 cases decided by the Competition Commission of India (CCI).
* 76 combination notices filed and 78 notices disposed of regarding Mergers and Acquisitions.
* CCI released its Market Study on Artificial Intelligence and Competition on 6th October 2025.
* **Prime Minister Internship Scheme (PMIS):**
* The Prime Minister Internship Scheme was announced in Budget 2024–25, to provide internships.
* Interns receive stipends and social security coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
**Impact Analysis**
**Small Companies**
* **Impact:** Increased threshold limits for paid-up share capital and turnover will allow more companies to be classified as small companies, potentially benefiting from relaxed regulatory requirements.
* **Action Required:** Determine if they meet the new criteria and adjust operations accordingly.
**Government Companies**
* **Impact:** Easier procedures for closure through amendments to the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, will streamline the dissolution process.
* **Action Required:** Follow the amended procedures and ensure authorised representatives provide the necessary indemnity bond.
**Directors of Companies**
* **Impact:** Less frequent KYC requirements (once every three years instead of annually) will reduce compliance burden.
* **Action Required:** Comply with the new KYC intimation requirements effective from 31st March, 2026.
**Companies undergoing Mergers and Demergers**
* **Impact:** The widened scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013 will significantly reduce time and cost for corporate restructuring.
* **Action Required:** Determine eligibility for fast-track mechanisms and follow amended procedures.
**Creditors**
* **Impact:** Amendments to the Insolvency and Bankruptcy Code will improve value maximisation and strengthen governance in insolvency resolution processes.
* **Action Required:** Stay informed about the Bill and the integrated digital platform to enhance coordination and transparency in the insolvency value chain.
**Investors**
* **Impact:** Faster claim settlement and enhanced investor support through the IEPFA's Integrated Portal and Dedicated Call Centre.
* **Action Required:** Use the new portal and call centre for claim settlement and grievance redressal.
**Youth seeking Internships**
* **Impact:** The Prime Minister Internship Scheme offers opportunities for internships with stipends and social security coverage.
* **Action Required:** Create profiles, apply for internships, and avail the benefits of the scheme.
Key Entities Referenced
Companies Act, 2013: Central law governing corporate affairs, significantly amended during 2025.
Insolvency and Bankruptcy Code: Governs the insolvency resolution process; undergoing amendment in 2025 to improve efficiency and outcomes.
Ministry of Corporate Affairs: The primary governing body that implements corporate law and policy in India.
Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016: Amended in 2025 to simplify the procedure for the removal of companies from the register, specifically for government companies.
Prime Minister Internship Scheme (PMIS): A scheme announced in Budget 2024-25 aiming to provide over one crore internships over five years.
Ministry of Corporate Affairs
Year-end review 2025: Ministry of Corporate
Affairs
Threshold limit of paid-up share capital and turnover for small
companies enhanced
The Companies (Removal of Names of Companies from the
Register of Companies) Rules, 2016 on 31st December, 2025
amended to provide easier procedure for closure of
government companies filing application with Registrar C-
PACE under section 248(2) of the Companies Act, 2013
Annual KYC requirements under the Companies Act, 2013
replaced with abridged KYC requirements once in three years
Reforms in Merger and Acquisition Framework undertaken
Integrated Portal and Dedicated Call Centre by IEPFA
launched
General Circulars issued to facilitate smooth transition to the
MCA V3 platform, relax additional fees, extend filing
timelines, and enable conduct of AGMs/EGMs through Video
Conferencing (VC) or Other Audio Visual Means (OAVM)
A total of 1300 resolution plans approved till September 2025
under Insolvency and Bankruptcy Code; creditors realised
Rs. 3.99 lakh crore, which is 170.09% against liquidation
value and 93.79% of the fair value
Establishment of 03 new Regional Directorates (RDs) at
Chandigarh, Navi Mumbai and Bengaluru; and 06 newRegistrar of Companies (RoCs) at Delhi, Mumbai, Kolkata,
Noida, Nagpur and Chandigarh with effect from 1st January,
2026.
प्रव तथ: 01 JAN 2026 2:13PM by PIB Delhi
The major initiatives and achievements of the Ministry of Corporate Affairs during the year 2025 are as
under:
Reforms in Merger and Acquisition Framework
In line with Para 101 of the Union Budget 2025–26, the Government amended the Companies
(Compromises, Arrangements and Amalgamations) Rules, 2016 on 4th September 2025 to widen the
scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013.
The amendments allow the following additional classes of companies to avail fast-track mechanisms:
Two or more unlisted companies (other than Section 8 companies) meeting prescribed thresholds;
Holding and subsidiary companies, excluding cases where the transferor is a listed company;
Two or more subsidiaries of the same holding company, excluding cases where the transferor is a listed
company.
These changes are expected to significantly reduce time and cost for corporate restructuring.
Achievements under Ease of Doing Business
The Ministry of Corporate Affairs (MCA) has undertaken several policy, regulatory, institutional and
technology-driven initiatives to further simplify compliance, strengthen corporate governance, and
enhance India’s business environment. Key achievements include:
1. Notification of Regulations
During 2025, the Ministry reviewed and notified a series of amendments under the Companies Act, 2013
to rationalise compliance requirements and improve transparency.
2. Circulars Issued
Several General Circulars were issued to facilitate smooth transition to the MCA V3 platform, relax
additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing
(VC) or Other Audio Visual Means (OAVM). These measures significantly reduced compliance burden on
companies during the transition phase.
3. MCA vide notification no. G.S.R. 880(E) dated 01.12.2025 has enhanced the threshold limit of paid-up
share capital and turnover upto Rs.10 crore and Rs.100 crore respectively for small companies.
4. The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 have
been amended on 31st December, 2025 to provide easier procedure for closure of government companies
filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013.
The amendment provides that in such cases, the indemnity bond in respect of one or more directors
appointed or nominated by the Central Government or State Government shall be given by an authorised
representative (not below the rank of Under Secretary or equivalent) in the administrative Ministry orDepartment of the Government of India or the State Government on behalf of the Company. This
amendment is aimed at faster closure of government companies which are eligible to apply for removal of
their names from register of companies as per provisions of section 248(2) of the Companies Act, 2013.
5.The annual KYC requirement for directors in companies under rule 12A of the Companies
(Appointment & Qualification of Directors) Rules, 2014 has been reviewed pursuant to examination in the
Ministry of Corporate Affairs, recommendation made by the High Level Committee on Non-Financial
Regulatory Reforms (HLC-NFRR) and suggestions received from stakeholders. The relevant rule in this
regard matter has been amended by the M/o Corporate Affairs in consultation with concerned Ministries/
Departments. Pursuant to the amendment in the Rules notified on 31st December, 2025 (to be effective
from 31st March, 2026), annual KYC filing requirement has been replaced with a simpler KYC intimation
once in every three years. This amendment is aimed at providing significant ease of compliance to
directors in all companies.
Achievements under Investor Education and Protection Fund Authority (IEPFA)
In August 2025, IEPFA launched an Integrated Portal and Dedicated Call Centre to enable faster claim
settlement and enhanced investor support.
The portal integrates MCA-21, NSDL/CDSL, and PFMS into a single automated workflow, reducing post-
approval transfer time for shares and dividends from several months to 1–2 days.
Since its launch, over 24026 claims have been approved taking total approvals in the current financial year
to 27231.
Re-notified Form IEPF-5 and Electronic Verification Report (EVR) were introduced w.e.f. 6th October
2025, enabling auto-fetching of bank details and pre-validation of shareholding data.
A dedicated call centre now provides faster grievance redressal and investor assistance.
These reforms have transformed claim disposal into a fully digital, transparent, and investor-friendly
process.
Achievements and reforms under Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was introduced in the Lok Sabha on 12th
August 2025 to reduce timelines, improve value maximisation, and strengthen governance. The Bill also
proposes frameworks for creditor-initiated insolvency, group insolvency, and cross-border insolvency, and
is presently under examination by the Select Committee of the Lok Sabha.
Till September, 2025, a total of 1300 resolution plans have been approved under the Code with creditors
realising Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value
(based on 1177 cases where fair value has been estimated). The haircut for creditors relative to the fair
value of assets was around 6%, while relative to their admitted claims is around 67%.
As a major technology-driven reform, an integrated digital platform for the Insolvency and Bankruptcy
Code (IBC) ecosystem is currently under development. The platform aims to integrate all key stakeholders
and institutions forming the pillars of the insolvency framework, including National Company Law
Tribunal (NCLT), Insolvency and Bankruptcy Board of India (IBBI), Information Utilities
(IUs),Insolvency Professionals (IPs). This integrated technology platform is expected to significantly
enhance coordination, transparency, data availability, and process efficiency across the insolvency value
chain, thereby improving the ease of doing business and strengthening creditor confidence.In this regard, the Project Monitoring Unit (PMU) for the iPIE project has been onboarded on 16th
December, 2025. Further, the Request for Proposal (RFP) for selection of the System Integrator has been
issued, and the evaluation of technical bids received in response to the RFP is currently underway.
These reforms, particularly the digital integration of the insolvency ecosystem, are expected to improve
credit availability to businesses, reduce transaction costs, and ensure faster and more predictable
outcomes. Collectively, these initiatives reaffirm the Government’s commitment to making India one of
the top global destinations in Ease of Doing Business.
Achievements under Competition Law
Antitrust Enforcement:35 new antitrust cases were registered and 19 cases were decided by the
Competition Commission of India (CCI).
Mergers and Acquisitions:76 combination notices were filed and 78 notices were disposed of during the
period.
Market Study on Artificial Intelligence: CCI released its Market Study on Artificial Intelligence and
Competition on 6th October 2025, providing insights into AI market structures, trends, and competition
concerns.
Advocacy and Capacity Building: 108 outreach programmes were conducted by State Resource Persons
on competition law and public procurement.
Achievements under Prime Minister Internship Scheme (PMIS)
The Prime Minister Internship Scheme, announced in Budget 2024–25, aims to provide over one crore
internships over five years.
Pilot phase was launched in October 2024. The response from India’s youth was significant with 7.3 lakh
candidates creating profiles across the two rounds. A combined total of registered 1.65 lakhs internship
offers were extended, resulting in about 16,000 youth joining the internships.
Interns receive ₹5,000 monthly stipend through DBT model. Additionally, interns receive one-time grant
of ₹6,000 to cover incidental costs upon joining. PMIS also facilitates social security coverage under PM
Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offering life and accident insurance to interns.
The scheme prioritises inclusivity and provides structured 12-month, industry-linked internships across 25
sectors, including automobiles, hospitality, banking, manufacturing, FMCG and more.
Strengthening Institutional Infrastructure
To enhance regulatory reach and improve service delivery, the Ministry will operationalise 03 new
Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of
Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1stJanuary, 2026. These offices have been established keeping in view the rapid growth in the number of
corporate entities and future regulatory requirements.
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