May 21, 2020 8:30 pm
The recently decriminalised offences include administrative offences such as delays in filing CSR reports, or failure to rectify the register of members in compliance with orders from the NCLT.
March 04, 2020 4:17 pm
Addressing reporters after a cabinet committee meeting, Finance and Corporate Affairs Minister Nirmala Sitharaman said the priority is to "decriminalise" provisions in the Act.
July 27, 2019 6:49 pm
Under the 2013 Act, there are 81 compoundable offences that carry punishments of a fine and/or prison terms. These offences are heard by courts. The Bill makes 16 of these offences civil defaults, where government-appointed adjudicating officers may levy penalties.
February 09, 2019 9:30 pm
The official also said the changes made to the rules are also part of an effort to crackdown on those companies that are controlled from elsewhere by either corporates or individuals who are not there in the radar.
July 16, 2018 12:04 am
The committee, chaired by Corporate Affairs Secretary Injeti Srinivas, will submit its report within 30 days to the government.
January 02, 2018 6:11 pm
A total of 5,870 companies shelled out Rs 9,553.72 crore towards CSR activities in 2014-15 while the number of such firms and total money spent rose in the next fiscal.
February 11, 2015 1:45 am
‘Develop norms to determine when debts can’t be paid’.
July 18, 2014 2:12 am
The ministry of corporate affairs has clarified that companies need not bother about whether a shareholder is a related party.
February 03, 2014 3:10 am
The authority will also have the power to investigate misconduct committed by any member or firm of chartered accountants.
November 17, 2013 1:18 am
The new Act has replaced the older 1956 version after being passed in the Lok Sabha on August 8 this year.