Page 3 - Ministry Of Corporate Affairs

SFIO arrests 'mastermind' behind web of Chinese shell companies

The September 10 arrest comes after Finance Minister Nirmala Sitharaman directed the MCA to identify shell companies that can be used to siphon off funds

After lay-offs, edtech startup Lido Learning files for insolvency

Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016

MCA mulls imposing fines on unicorns over delay in filing financials

Swiggy had delayed its FY21 result filing by 11 months and Ola Electric was at least 13 months late in filing the financials with the RoC

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Govt asks Byju's to explain delay in filing audited financial accounts

Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the seventeen-month delay in filing audited accounts

LIVE: British Prime Minister Boris Johnson wins confidence vote

Catch the latest new on ousted BJP leaders controversial comments, the coronavirus, Ukraine war and other headlines.

PM Modi inaugurates 'Iconic Week' celebrations, launches Jan Samarth portal

PM Modi kick-started the "iconic week" today, celebrated between June 6 and June 11, 2022, and launched a portal for credit-linked government schemes called Jan Samarth Portal

PM Modi to inaugurate 'Iconic Week Celebrations', launch Jan Samarth portal

Prime Minister Narendra Modi will inaugurate the 'Iconic Week Celebrations' of the Ministry of Finance and Ministry of Corporate Affairs today at Vigyan Bhawan in Delhi.The "iconic week" is being celebrated as part of the 'Azadi Ka Amrit Mahotsav' (AKAM) from June 6 to June 11, 2022.PM Modi will launch the national portal for credit-linked government schemes - Jan Samarth Portal. It is a one-stop digital portal linking government credit schemes that directly connect beneficiaries to lenders.According to the Prime Minister's Office, the main purpose of the Jan Samarth portal is to encourage inclusive growth and development of various sectors by guiding and providing them with the right type of government benefits through simple and easy digital processes. The portal ensures end-to-end coverage of all the linked schemes.The Prime Minister will inaugurate a digital exhibition that traces the journey of the two ministries, Finance and Corporate Affairs, over the past eight years. He will .

PM to inaugurate 'iconic week' of Finance, Corporate Affairs ministries

The "iconic week" is being celebrated as part of the 'Azadi Ka Amrit Mahotsav' (AKAM) from June 6 to June 11, 2022

India probes ZTE, Vivo as more China firms under scrutiny: Report

India has tightened scrutiny of China-based firms since 2020, when the two nations saw the deadliest fighting in decades at their disputed Himalayan border

Big M&As of digital businesses likely to come under CCI ambit soon

Several important deals in the digital space, like the Facebook-WhatsApp merger, have escaped CCI scrutiny due to current regulations

Record number of companies registered in FY22 despite Covid

Showing resilience India has registered 1.67 lakh companies in the financial year 2021-22 (April-March), according to a report by Ministry of Corporate Affairs (MCA)

Govt amends rules governing Nidhi companies; prior declaration 'mandatory'

The ministry said during 2014-2019, more than 10,000 companies got incorporated

Over 167k companies incorporated last year: Ministry of Corporate Affairs

The ministry said the increase is significant considering that number of companies incorporated during the financial year 2020-21 was the highest in any of the previous years

NCLT allows govt to take over management of Delhi Gymkhana Club

Earlier, the tribunal had allowed the ministry to nominate 15 persons as directors on the club's general committee as well as manage the affairs of the club.

Course correction

IL&FS resolution has lessons

NCLT has disposed of 62,000 cases out of about 83,000 filed: Official

The National Company Law Tribunal (NCLT) has disposed of nearly 62,000 cases out of nearly 83,000 cases filed before it, Rajesh Verma, Secretary, Ministry of Corporate Affairs said on Saturday.Addressing a national level Colloquium on the subject 'NCLT- The Road Ahead' organised by the NCLT, Verma said NCLT is an institution of pride and it has led to faster resolution of corporate disputes under the Company Act and the Insolvency & Bankruptcy Code (IBC).Verma emphasised that the IBC Code has seen a roller coaster ride with six amendments that have been made in the main legislation so far. He further stated that many provisions of IBC have come out unscathed when challenged (in the higher courts) and the Supreme Court of India had settled the jurisprudence on various aspects of this new law at an unprecedented pace and passion.In his address as the chief guest, Justice (retd) Ramalingam Sudhakar said that India is envisioning a multi-trillion dollar economy. Industry and ...

BharatPe ready for preliminary govt probe, to comply with law, say sources

BharatPe has already conducted a thorough internal governance review via Alvarez and Marsal, a leading management consultant and risk advisory firm

MCA looking at BharatPe Board's conduct in Ashneer Grover controversy

Grover last week resigned as company's managing director and director, says he will cooperate with ministry.

Second amendment to LLP Rules will ease procedural burden: Experts

At the time of incorporation, five can be appointed designated partners