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  • MCA to apply to NCLT to attach assets of Videocon Industries to maximise recovery Aug 30, 2021 12:40 PM IST

    MCA to apply to NCLT to attach assets of Videocon Industries to maximise recovery

    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.

  • 3,638 companies closed down in first three months of FY22, govt tells Parliament Jul 28, 2021 02:12 PM IST

    3,638 companies closed down in first three months of FY22, govt tells Parliament

    According to the Ministry of Corporate Affairs, as many as 17,583 companies have been struck off the Register of Companies since March 2020.

  • Company incorporations rise by 27 % year-on-year during FY2020-21: MCA Apr 01, 2021 07:34 PM IST

    Company incorporations rise by 27 % year-on-year during FY2020-21: MCA

    During FY2020-21, Ministry of Corporate Affairs (MCA) registered around 1.55 lakh company incorporations.

  • MC Exclusive | Latest MCA accounting norms face backlash from businesses as compliance burden to go up Mar 27, 2021 03:33 PM IST

    MC Exclusive | Latest MCA accounting norms face backlash from businesses as compliance burden to go up

    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.

  • MCA orders inspection of Edelweiss Asset Reconstruction Company’s books after whistleblower complaint to PMO Mar 18, 2021 08:12 AM IST

    MCA orders inspection of Edelweiss Asset Reconstruction Company’s books after whistleblower complaint to PMO

    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.

  • Two years on, MCXCCL plans to approach Ministry of Corporate Affairs to fix violation in MD Narendra Ahlawat’s appointment Aug 21, 2020 03:01 PM IST

    Two years on, MCXCCL plans to approach Ministry of Corporate Affairs to fix violation in MD Narendra Ahlawat’s appointment

    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.

  • Corporate Affairs Ministry allows companies to seek extension for holding AGMs Aug 20, 2020 01:18 PM IST

    Corporate Affairs Ministry allows companies to seek extension for holding AGMs

    The Ministry of Corporate Affairs advised the Registrar of Companies to consider such applications liberally in view of the hardships faced by the stakeholders.

  • Two Uttam Galva units being probed by MCA Jul 30, 2020 01:33 PM IST

    Two Uttam Galva units being probed by MCA

    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

  • Coronavirus lockdown 3.0 | MCA allows companies to hold AGMs through video conferencing May 05, 2020 08:51 PM IST

    Coronavirus lockdown 3.0 | MCA allows companies to hold AGMs through video conferencing

    The ministry also allowed companies to send their financial statements and other required documents required via email.

  • Competition Act must play fair Mar 13, 2020 10:19 AM IST

    Competition Act must play fair

    The amendment bill should ensure that CCI’s independence stays intact and there’s no arbitrariness in decision-making

  • MCA orders inspection of Zee Entertainment's books Feb 04, 2020 02:35 PM IST

    MCA orders inspection of Zee Entertainment's books

    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.

  • MCX Clearing Corp’s top boss appointment hits legal hurdle over technicality Jan 17, 2020 03:24 PM IST

    MCX Clearing Corp’s top boss appointment hits legal hurdle over technicality

    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

  • Relief for homebuyers: MCA proposes to take over management of Unitech Jan 15, 2020 08:01 PM IST

    Relief for homebuyers: MCA proposes to take over management of Unitech

    "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.

  • MCA plans to introduce frequent filing for large unlisted companies: Report Dec 27, 2019 10:18 AM IST

    MCA plans to introduce frequent filing for large unlisted companies: Report

    The companies are, at present, required to file annual reports.

  • Agencies implementing CSR may get identification numbers to improve transparency Dec 06, 2019 01:53 PM IST

    Agencies implementing CSR may get identification numbers to improve transparency

    Identification numbers will be issued for agencies that implement CSR programmes for companies

  • Independent Directors Rules: What are they and how do they help Dec 02, 2019 07:34 PM IST

    Independent Directors Rules: What are they and how do they help

    All you need to know about the Independent Directors Rules.

  • NCLT asks MCA to get SEBI, I-T Dept clearance on plea seeking recast of CG Power accounts Nov 25, 2019 06:41 PM IST

    NCLT asks MCA to get SEBI, I-T Dept clearance on plea seeking recast of CG Power accounts

    MCA had moved an application under Section 130 of the Companies Act to recast these accounts for the period FY14-15 to FY18-19.

  • MCA orders SFIO probe in Cox & Kings: Sources Nov 07, 2019 06:17 PM IST

    MCA orders SFIO probe in Cox & Kings: Sources

    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.

  • MCA orders SFIO probe into CG Power: Sources Nov 07, 2019 05:28 PM IST

    MCA orders SFIO probe into CG Power: Sources

    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.

  • Govt examining raising default threshold for triggering insolvency code Oct 14, 2019 07:20 PM IST

    Govt examining raising default threshold for triggering insolvency code

    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.

  • MCA completes first round of physical inspection in Thomas Cook India Oct 03, 2019 05:21 PM IST

    MCA completes first round of physical inspection in Thomas Cook India

    MCA officials met with key management personnel during its physical inspection at the company's registered office Mumbai on September 30.

  • Thomas Cook India under MCA scanner over ‘suspicious’ transaction Sep 23, 2019 02:27 PM IST

    Thomas Cook India under MCA scanner over ‘suspicious’ transaction

    “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.

  • CG Power's former CFO detained at Mumbai airport, prevented from leaving country Sep 07, 2019 03:20 PM IST

    CG Power's former CFO detained at Mumbai airport, prevented from leaving country

    Venkatesh who was sacked recently by the company citing misconduct and breach of trust

  • Editor's Take | MCA investigates CG Power Aug 30, 2019 05:44 PM IST

    Editor's Take | MCA investigates CG Power

    Gautam Thapar, who was sacked as chairman recently, has also been summoned.

  • MCA summons Gautam Thapar, auditor and other key personnel of CG Power amid fraud probe Aug 30, 2019 12:02 PM IST

    MCA summons Gautam Thapar, auditor and other key personnel of CG Power amid fraud probe

    The MCA also conducted a physical inspection of the CG Power headquarters on August 30

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