The Parliamentary Standing Committee on Finance has said that out of the 2.26 lakh deregistered companies some may have been merely dormant ones without any fraudulent intent.
The proposed law aims to impound and sell assets of Nirav Modi-type escapees.
Directors and Officers' Liability (D&O) cover for independent directors is on the rise as these officials want to avoid risks from liabilities arising out of wrongful acts.
Reporting under Indian Accounting Standards (Ind AS) may significantly impact tax-planning strategies for many deals and will also have a high impact on key performance indicators of companies, says author Jigar Parikh.
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".
Capital markets regulator Sebi is planning to initiate a public consultation process for changes to the Debenture Trustee regulations, wherein an entity will not be prohibited from acting as a trustee if the government provides guarantees for the debenture issued.
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.
The Securities Appellate Tribunal has set aside the over Rs 1 crore penalty imposed by Sebi on Apollo Tyres with respect to buyback of shares and has directed the regulator to pass a fresh order.
Registrar of Companies has to give at least a month's time to the parties concerned before striking off the name from the register of companies, according to norms issued by the government.
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.
The Corporate Affairs Ministry, which is implementing the Companies Act, today said there would be a "simplified and completely digital form for company incorporation".
Loss-making corporates now have more freedom in deciding managerial salaries, with the government hiking the stipulated executive pay limit under the companies law.
To make listing of insurance firms compulsory, sector regulator Irdai will soon release an exposure draft on the issue.
The rules for the National Company Law Appellate Tribunal have also been notified by the Corporate Affairs Ministry.
A title search, is a due diligence investigation of various aspects of a property, to ascertain its legal health. â€œIn the case of resale properties, the existing owner may have created encumbrances on the R
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).
To attract more entities to set up Infrastructure Investment Trusts, SEBI proposed an elaborate framework for financial disclosures in the offer document as well as for valuation of the units held by InvITs
Companies seeking deposits from the public will now have to carry a disclaimer in their advertisements that government does not take responsibility for the financial soundness of the schemes being floated
To deepen Indian capital markets, regulator SEBI's board will consider proposals, tomorrow, for relaxed norms for REITs and an easier set of compliance rules for foreign fund managers keen to relocate to India
"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.
This is a step closer to setting up the IEPF -- under the Companies Act, 2013 -- which would be utilised for multiple purposes, including to distribute disgorged amount to eligible depositors who have suffered losses due to wrongful acts by other entities.
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.
Companies spent over Rs 42 crore towards 'Swachh Bharat Kosh' as part of their corporate social responsibility (CSR) activities in 2014-15, Parliament was informed today.