IICA Forms Advisory Group on Ease of Doing Business to Modernise Corporate Regulations

Key facts

• The Indian Institute of Corporate Affairs (IICA), operating under the Ministry of Corporate Affairs (MCA), has constituted a high-level Advisory Group on Ease of Doing Business (EoDB).
• The panel is chaired by Gyaneshwar Kumar Singh, the Director General and Chief Executive Officer (CEO) of the IICA.
• The group was established following an MCA order dated 31 December 2025 and is aligned with the national vision of Viksit Bharat @2047.
• The primary objective of the initiative is to modernise India’s corporate regulatory framework and simplify compliance procedures under the Companies Act, 2013.
• The Advisory Group will focus on rationalising e-forms, reducing procedural duplication, and exploring event-based compliance systems.
• The panel includes representatives from the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and Institute of Cost Accountants of India (ICMAI).
• Industry bodies represented in the group include the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), and Associated Chambers of Commerce and Industry of India (ASSOCHAM).
• The School of Business Environment at the IICA will serve as the Secretariat for the Advisory Group.
• The IICA has signed a Memorandum of Understanding (MoU) with the MCA for a research study titled Re-envisioning Ease of Doing Business for Viksit Bharat 2047.