Aug 30, 2021 12:40 PM IST
Ministry of Corporate Affairs identifies assets worth Rs 5,000 crore. However, banks are getting only 4.15 percent of their total outstanding. Ministry is in the process of identifying more assets, say sources.
- Jul 28, 2021 02:12 PM IST
According to the Ministry of Corporate Affairs, as many as 17,583 companies have been struck off the Register of Companies since March 2020.
- Apr 01, 2021 07:34 PM IST
During FY2020-21, Ministry of Corporate Affairs (MCA) registered around 1.55 lakh company incorporations.
- Mar 27, 2021 03:33 PM IST
Tax experts have said the move will bring transparency, credibility and reliability on accounting software, reduce overall uncertainty about data entries and improve investor’s and shareholder’s confidence. But with only a week to put in place the changes, small companies will face difficulty in complying with the norms.
- Mar 18, 2021 08:12 AM IST
Paras Kuhad, a former additional solicitor general of India and 14 percent shareholder in EARC along with his family, has alleged that controlling shareholders diverted at least Rs 1,800 crore from the asset reconstruction firm; the company has strongly denied any wrongdoing.
- Aug 21, 2020 03:01 PM IST
The Companies Act required the clearing corporation to seek shareholder approval for the appointment at its very next AGM or EGM, but it had failed to do so. The appointment was subsequently approved by shareholders. But the violation still stands.
- Aug 20, 2020 01:18 PM IST
The Ministry of Corporate Affairs advised the Registrar of Companies to consider such applications liberally in view of the hardships faced by the stakeholders.
- Jul 30, 2020 01:33 PM IST
Probe said to have been launched after a complaint by the Resolution Professional on business practices detrimental to the interests of banks and secured creditors, including siphoning out of money illegally
- May 05, 2020 08:51 PM IST
The ministry also allowed companies to send their financial statements and other required documents required via email.
- Mar 13, 2020 10:19 AM IST
The amendment bill should ensure that CCI’s independence stays intact and there’s no arbitrariness in decision-making
- Feb 04, 2020 02:35 PM IST
The Ministry of Corporate Affairs has ordered an inspection of the financials of Zee Entertainment Enterprises Limited (ZEEL) following allegations of corporate governance lapses and after some its independent directors quit recently, a source told Moneycontrol.
- Jan 17, 2020 03:24 PM IST
MCXCC had appointed Ahlwawat MD and CEO in April last year for three years. After the company’s board and SEBI had approved the appointment, the same had to be approved by shareholders in the immediate extra-ordinary general meeting that followed
- Jan 15, 2020 08:01 PM IST
"The government has submitted a note in compliance with the court's proposal mentioned in the order dated 18.12.2019 whereby they will be appointing the managing director and the directors," said awanshree Agarwal, amicus curiae in the Unitech case.
- Dec 27, 2019 10:18 AM IST
The companies are, at present, required to file annual reports.
- Dec 06, 2019 01:53 PM IST
Identification numbers will be issued for agencies that implement CSR programmes for companies
- Dec 02, 2019 07:34 PM IST
All you need to know about the Independent Directors Rules.
- Nov 25, 2019 06:41 PM IST
MCA had moved an application under Section 130 of the Companies Act to recast these accounts for the period FY14-15 to FY18-19.
- Nov 07, 2019 06:17 PM IST
The Ministry of Corporate Affairs (MCA) has ordered a Serious Fraud Investigation Office probe in travel firm Cox & Kings after it uncovered prima facie evidence of siphoning of money, a source told Moneycontrol.
- Nov 07, 2019 05:28 PM IST
The MCA ordered an SFIO probe on the recommendations of the Western Regional Director of the MCA, which, in its report on CG Power submitted last month, found diversion of funds.
- Oct 14, 2019 07:20 PM IST
Banks should be looking at other options for recovering loans before invoking IBC, especially in those cases where the amount of bad loans is not significant, he said.
- Oct 03, 2019 05:21 PM IST
MCA officials met with key management personnel during its physical inspection at the company's registered office Mumbai on September 30.
- Sep 23, 2019 02:27 PM IST
“Delhi’s RoC, which has been probing Aarush Forex Pvt for a while now, unearthed some suspicious transactions in its books and came across several companies, including Thomas Cook,” a source said.
- Sep 07, 2019 03:20 PM IST
Venkatesh who was sacked recently by the company citing misconduct and breach of trust
- Aug 30, 2019 05:44 PM IST
Gautam Thapar, who was sacked as chairman recently, has also been summoned.
- Aug 30, 2019 12:02 PM IST
The MCA also conducted a physical inspection of the CG Power headquarters on August 30