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Wednesday, August 12, 2020

Ministry of Corporate Affairs

MINISTRY OF CORPORATE AFFAIRS NEWS

Explained: What are pre-packs under the present insolvency regime?

July 28, 2020 11:31 am

In the case of pre-packs, the incumbent management retains control of the company until a final agreement is reached.

Why it is necessary to decriminalise offences under the Companies Act to help businesses

April 08, 2020 8:15 pm

The Companies (Amendment) Bill, 2020 was approved by the Cabinet and introduced in the Lok Sabha on March 17, 2020. Over the past year, this Bill has been the second attempt of the Ministry of Corporate Affairs to decriminalise offences under the Companies Act, 2013, the first being the passing of the Companies (Amendment) Act, 2019.

IL&FS looks for new law firm after conflict of interest complaint

July 22, 2019 9:26 am

The complaint alleged that CAM was legal adviser to the former board of IL&FS, which is facing criminal and legal action by government agencies, and continues to perform that role for the new board, too. 

Bad loans worth more than Rs 2 lakh crores settled: Corporate Affairs secretary

March 02, 2019 5:05 pm

The Reserve Bank report shows that the fresh addition to the NPAs has declined so has the overall NPS, secretary to Ministry of Corporate Affairs Injeti Srinivas said.

Maharashtra home to highest number of rich real estate entrepreneurs

November 24, 2018 2:29 am

In Maharashtra, there are 41 such entrepreneurs spread across three districts — Mumbai, Thane and Pune. Maharashtra was followed by followed by Delhi with 22 individuals and Karnataka with 21 individuals.

Corporate Affairs Ministry seeks details from crisis-hit Jet Airways

August 26, 2018 3:18 pm

Query sent to a Jet Airways spokesperson on whether the airline has received queries from the RoC regarding financial issues and delay in announcement of quarterly results remained unanswered.

196 companies to face penal action for CSR violations: Govt

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.

Black money drive: Suspected shell companies deposited Rs 17,000 crore in banks after demonetisation

November 06, 2017 12:15 am

Around 2.24 lakh companies have been struck off till date for remaining inactive for two years or more, the Union Ministry of Corporate Affairs said.

MCA proposes to halve CCI member strength to three

August 23, 2017 2:56 am

Last March, MCA notified that March 2016 exemption for seeking CCI approval would apply to mergers and acquisitions.

Govt set to iron out ‘thorny’ provisions in Companies Act

November 21, 2014 3:12 am

A draft Cabinet note has been floated by the corporate affairs ministry.

MINISTRY OF CORPORATE AFFAIRS VIDEOS

National Herald case: ‘Delighted’ Swamy says court will summon ministries

January 11, 2016 2:07 pm

New delhi, Jan 11 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Monday said the court will soon send summons to the ministries having documents related to the National Herald case. He informed that the court would send summons to Income Tax (IT), Enforcement Directorate (ED), Ministry of Corporate Affairs, Finance Ministry, Registrar of Companies and Delhi Development Authority (DDA) in connection with this case.