




In an interview with Karan Thapar on Devils Advocate, Pilot said that the Congress party stood firmly behind Rahul's decision. He also denied the allegations of his outburst being an embarrassment for the Cabinet and the party.
Corporate Affairs Minister Sachin Pilot said the Cabinet could not deliberate in detail the panel findings and the ATR yesterday.
The Ministry of Corporate Affairs (MCA) had previously asked RoC Mumbai to collect details of NSEL and other group entities.
The Ministry of Corporate Affairs has sought more details such as financial reports from the National Spot Exchange's (NSEL) parent firm Financian Technologies Group and other related entities.
The Finance Ministry will decide on action to be taken on alleged irregularities at crisis-hit National Spot Exchange Ltd (NSEL) as per the report of a high-level panel headed by Economic Affairs Secretary Arvind Mayaram.
The new Companies Bill has received President's assent, which will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country.
The one-man probe committee headed by former Justice Mukul Mudgal was set up to look into lobbying activities in contravention of any Indian law and any other matter relevant to this issue by Walmart.
The best thing about the new Companies Act is that it is simple, with greater clarity of intent and purpose. It replaces the old law with over 700 conflicting clauses with something shorter and sweeter: 470 clauses and all of it in 309 pages. Not bad for something that will govern all listed and unlisted companies in the country.
Advocating a transparent system for stakeholders to put across their viewpoint on policy matters, Corporate Affairs Minister Sachin Pilot says lobbying needs to be defined to differentiate it from influencing the policymakers through illegal means.
Continuing its efforts to curb fraudulent investment schemes, government will soon start a process to sensitise police, judiciary and other agencies across states on ways to contain this menace.