Under the proposed framework, such entities could be mandated to submit quarterly filings of financial statements with the MCA, among others, said the person, who did not wish to be identified. The proposal gained traction after the alleged corporate governance lapses at edtech firm Byju’s this year. The person said once the Company Law Committee under MCA secretary Manoj Govil takes a final call on such a regulatory framework, it could classify large unlisted companies based on factors such as their revenue and turnover. “A final decision on this issue will be taken by the committee soon,” he said.
European shares log weekly gains as oil prices ease, Mideast tensions linger
European markets rallied as declining oil prices broke a three-week slump. Despite lingering investor caution due to geopolitical tensions in the Middle East and rising
September 26, 2026