2013

Dish TV rejects minority shareholders' demand for EGM

The board, at its meeting held on July 3, 2023, had advised the management to obtain opinion from external and independent experts to consider whether the requisition notice received on June 29, 2023, met the criteria for a valid requisition under the applicable provisions of the Companies Act, 2013 to call an EGM

Sexual harassment at the workplace is an employment issue, not a 'women’s issue'

Company law expert Archana Khosla Burman on the POSH Act and empowering women in the workplace

Govt to act against cos creating artificial shortage of stents

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.

Sebi issues draft papers to amend Debenture Trustee norms

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".

Govt seeks explanation from 536 cos for CSR non-compliance

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.

Sebi issues guidance note for evaluation of companies' boards

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.

2016 was a year of reforms in corporate law

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

EXCLUSIVE: Mistry's ouster from group cos may run into months

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 cos get more leeway in deciding managerial pay

Loss-making corporates now have more freedom in deciding managerial salaries, with the government hiking the stipulated executive pay limit under the companies law.

Moving toward a sustainable IND AS reporting regime

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).

Govt to withdraw UPA drug regulatory bill, come up with new

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

Govt to amend Shipbreaking Code; invites stakeholders comments

Government has decided to amend the Shipbreaking Code, 2013, to address issues like disposal of radioactive materials and oil spills

IVRCL allots 6.46 lakh shares to Bank of Nova Scotia

"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.

CSR expenses need to be treated as non-cost items: ICAI

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.

CSR: Parl panel wants PSUs to focus on remote backward areas

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.

Company Secretaries pocket avg annual pay of Rs 50 lakh:Report

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.

MCA fixes debt to capital, free reserves ratio for certain cos

Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance activities.

India has signed offset contracts worth $1.56 billion since 2013

Offsets were introduced in 2005 with an objective of developing a defence industrial base in the country.

After NSE, BSE says one person company can act as stock broker

"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.

CSR fund should not be financing source for govt schemes: MCA

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.