Registrar Of Companies.

BharatGen was recently awarded more than Rs 900 crore under the IndiaAI Mission to build a 1-trillion parameter large language model (LLM).

ROC’s strict interpretation of beneficial ownership norms puts MNCs in spot

The current industry practice is to identify beneficial owners primarily through economic ownership. But recent MCA orders have left MNCs confused over how to ascertain beneficial ownership through control.

L&T Employee Welfare Foundation faces probe over alleged misappropriation of funds: Report

The Registrar of Companies has reportedly sent a notice to L&T Employees Welfare Foundation and LandT Welfare Co Ltd seeking their response to the allegations of cheating levelled by a group of employees.

MCA extends deadline for holding AGMs from September 30 to December 31; 12 lakh firms may benefit

Many smaller companies would have found it tough to meet the September 30 deadline as they would not have audited accounts owing to COVID-19 disruptions. Every year, companies hold their annual general meetings towards the end of September.

Zuari Agro Chemical under MCA lens over corporate governance violations

The Ministry of Corporate Affairs' western regional director office has ordered an inspection under Section 206 of the Company's Act.

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.

Coffee Day Enterprises gets 45-day extension from RoC for AGM

The RoC also advised the company to be careful in future regarding compliance with the provisions of the Companies Act, 2013.

Quantum AMC serves legal notice to Quant AMC, asks for change in name citing similarity

While 'quant' is a registered trademark, 'Quantum' is not yet registered

Noose on cryptocurrency exchanges tightens as RoC stops registration

RoC has also, in certain cases, asked for an undertaking from software development or information technology companies that it will not deal with cryptocurrencies.

Nearly 2.5 lakh inactive companies in India likely to be dissolved

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.

PNB to provide technology platform for pilot launch of IPPB

State-owned Punjab National Bank (PNB) today said it will provide technology platform for pilot launch of India Post Payments Bank (IPPB).

No drop in Tata Sons dividend payout after Mistry appointment

The average dividend received from its holdings for the four fiscal years between 2013-2016 was Rs 6,855 crore. Mistry joined as Chairman of the company in December 2012. The average dividend for the four years prior to his apointment was Rs 2,730 crore.

India Post Payments Bank incorporated, to start ops in 2017

India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.

Finally, Myntra agrees - App's not the only way

Myntra will scrap its mobile-only approach and will relaunch desktop website by June 1

Ringing Bells comes under excise, I-T departments' scanner

According to the sources, the I-T Department is looking into the financial structure of the Noida-based company and have obtained documents, including those from the Registrar of Companies (RoC), in this regard.

Sebi proposes joint task force for illicit money pooling

To check the menace of illicit money-pooling activities of small unlisted companies, Sebi has proposed a joint task force of financial regulators and intelligence agencies to bring them under regulatory ambit.

MRF Q3 net surges 94% to Rs 447 crore

Tyre manufacturer MRF on Monday reported a 94.07 percent surge in standalone net profit at Rs 446.81 crore for the third quarter ended June 30.

18 months for cos to move from obscure to nat'l bourses

The promoters and directors of such companies who would fail to list even after the extended time of 18 months would have to undergo 'stricter scrutiny' for their any future association with securities market

Sun Pharma, Ranbaxy rise 2% post completion of merger

Investors continued to buy shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories on Wednesday after the merger of Ranbaxy with itself has been consummated by Sun following receipt of requisite approvals. Both stocks gained more than 2 percent intraday.

Pfizer announces completion of merger with Wyeth

The company had received approvals from the Bombay High Court earlier and today filed the order with the Registrar of Companies to conclude the merger process, Pfizer Ltd said in a statement.

Corp Affairs Min issues notices to 3 NSEL, FTIL auditors

The ministry has issued show cause notices to three auditors seeking explanation for the lapses in auditing the books of NSEL and Financial Technologies (India) Ltd, according to a senior official. The notices have been sent for violations of Companies Act.

Independent directors will have to give reasons to quit

Independent directors will soon have to provide "detailed reasons" for their resignations from boards of listed companies and the same would need to be made public under new norms being finalised by regulator Sebi.

Sebi cuts down paper-load for public offer documents

The move would drastically cut down the number of pages in offer documents or prospectus for IPOs and FPOs, which are currently very bulky in nature and run into hundreds of pages.

MCA expects NSEL's financial reports from RoC in few wks

The Ministry of Corporate Affairs (MCA) had previously asked RoC Mumbai to collect details of NSEL and other group entities.

SpiceJet gets notice for Companies Act violations

Chennai-based low-cost airline SpiceJet has been sent a show-cause notice for alleged violation of provisions of the Companies Act.