The day commemorates the birth anniversary of Sarojini Naidu, the political activist and poet who was an important figure in India's struggle for independence from colonial rule.
United Nations Commission on International Trade Law Model Law on Cross border Insolvency (1997) is the most widely accepted legal framework on cross-border insolvency.
The Securities and Exchange Board of India (SEBI) has reconstituted the Advisory Committee on Investor Protection and Education Fund under the chairmanship of G Mahalingam.