The Life Insurance Corporation of India (LIC) in January 2019 acquired a 51 percent stake in the Bank, which reclassified it as a private sector financial institution
The proposal would be taken up in the ongoing session of the Parliament and, if it goes through, would provide relief to India Inc.
Several sections of the Companies Act 2013, attract criminal liability, which is time consuming for courts.
Independent directors are being looked upon as the opposition party in the boardroom. Should that perception prevail, every management proposal would face significant resistance in the boardroom
The Registrar of Companies (RoC), in last two weeks, has listed 250,000 companies who have not applied for the ‘dormant’ status as required under the Companies Act, 2013.
CNBC-TV18 learns from the report that there are several doubts on possibility of recovery of various advances and receivables given out by the company to the tune of Rs 1,762 crore.
A legal question that has been put to test time and again before various courts, is whether the rights of nominees prevail over those of successors, in respect of various subjects of nomination, such R
One of the key challenges for micro, small and medium enterprises (MSME) sector, which can be termed as backbone of Indian economy, is credit flow, he said, after launching MSME Database portal and Finance Facilitation portal here.
The rule-making process for Companies Act, 2013, saw extensive public consultations and the exercise is now nearing completion, while CSR regulations would be among the first to get a detailed set of rules.
The Act is likely to have far reaching consequences on all companies, as it has been influenced significantly by other recent developments in the corporate sector, especially those where stakeholder interests seemed to be compromised.