Government today said it is keeping a close watch on some companies trying to create an artificial shortage of life-saving coronary stents and stringent action will taken against those engaging in unethical practices.
The proposed changes follow recommendations of a Sebi- appointed task force for examining the "challenges in performing the obligations and duties as Debenture Trustees (DTs) to protect the interests of the debenture holders".
Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities in a particular fiscal.
To provide more clarity for stakeholders, Sebi today came out with a detailed guidance note for evaluation of boards of listed companies including the role of independent directors.
With the landmark legislation, the Insolvency and Bankruptcy Code, 2016 (Code) in its place, the country has now a single comprehensive legislation for dealing with varied facets of insolvency and bankruptcy
On Wednesday, two days after his dismissal as the Tata Sons chief, Mistry presided over a regular board meeting of Tata Global Beverages, Reports suggest that the meeting was held at Bombay House and lasted for over four hours where the company's operations and progress were discussed.
Loss-making corporates now have more freedom in deciding managerial salaries, with the government hiking the stipulated executive pay limit under the companies law.
Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).
The government decided to withdraw a UPA bill from Parliament aimed at strengthening the drug regulatory system and replace it with a new measure keeping in mind advancements made in various fields including stem cell research and clinical trails that would be in step with the Modi government's 'Make in India' initiative
Government has decided to amend the Shipbreaking Code, 2013, to address issues like disposal of radioactive materials and oil spills
"Pursuant to provisions of Companies Act, 2013 and Sebi (Issue of Capital Disclosure Requirement) Regulations, 2009 and implementation of SDR, the company has made an allotment of 6,46,810 equity shares at a price of Rs 8.765 each, to Bank of Nova Scotia," it said in a regulatory filing.
Companies need to treat expenses related to CSR activities as non-cost items and separately disclose transactions in this regard where related parties are involved, according to cost accountants' apex body ICAI.
A Parliamentary panel today suggested that the central public sector enterprises (CPSEs) should spend money under the CSR obligations on development of the remote backward areas of the country.
The findings are based on an analysis of the secretarial audit reports of S&P BSE 500 companies by CimplyFive Corporate Secretarial Services -- which provides research and technology based solutions for compliance with the Companies Act, 2013.
Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance activities.
Offsets were introduced in 2005 with an objective of developing a defence industrial base in the country.
"One Person Company, as permitted under the Companies Act, 2013, is eligible to be registered as a stock broker, provided it satisfies the condition of minimum two directors, as stipulated under... the Securities Contract (Regulation) Rules, 1957," BSE said in a circular.
Allaying concerns in certain quarters that compulsory CSR spending under the Companies Act, 2013, could be used for funding government schemes, the Ministry of Corporate Affairs has come out with a detailed Frequently Asked Questions (FAQs) on CSR norms.
This will help fast-track development of the steel and mining sector in India through speedy land acquisition, resettlement and rehabilitation (R&R), statutory clearances and securing ore and water linkages
The Companies Act, 2013, is likely to be implemented fully by March 2016, says president of the Institute of Company Secretaries of India (ICSI), Atul H Mehta.
Capital market regulator Sebi has notified amended listing regulations that allow listed companies to seek shareholders' approval for related party deals through ordinary resolutions.
New Companies Act has made some changes in the rules that govern inter-corporate loans. Here is how it impacts the company.
To improve ease of doing business in the country, a government-appointed panel has sought suggestions from all stakeholders, including the general public, to address issues related to new companies law.
In an interview with CNBC-TV18's Rituparna Bhuyan, Rajesh Shah, former CII president and co-author of the book Resurgent India, discussed the Land Act and also shared his views on the exchange rate and Indian exports.
The meeting has been called to chalk out party's strategy against land acquisition bill before Parliament resumes next week. This meeting comes a day before the Congress rally on Sunday organised to galvanise protests.