Page 6 - Ministry Of Corporate Affairs

Compliance with new rules for audit reports deferred to April 2021-22

CARO 2020 requires auditors to comment on 50 matters as against 21 in the 2016 version of the order

Sebi defers T+1 settlement plan after opposition from foreign investors

Measures related to capital markets aimed at providing an impetus to economic growth will be discussed, sources said.

Govt may keep China, Hong Kong out of foreign listing as tensions simmer

The move is in contrast to what an expert committee of Sebi had recommended in 2018 for China and Hong Kong to be permitted

Draft pre-packaged scheme for insolvency largely based on British law

Rules to ensure that process doesn't remain debtor-driven but protects creditor's interests

Harsh Vardhan Lodha removed from the board of M P Birla investment firms

Birla side says corporate affairs ministry approved and accepted the cessation of his directorship on November 18

Easier overseas listing

Move will remove a major bottleneck for start-ups, MSMEs

Govt framing rules for easy foreign listing of start-ups and MSMEs

New rules will formalise an industry practice, reduce costs of transaction

IBBI approaches SC to club all cases on personal guarantee pending in HCs

Top court likely to give its order on Thursday, has indicated it may transfer all cases to itself, according to a senior lawyer

MCA defends IBC provision on personal insolvency in Anil Ambani case

MCA is engaging with the law ministry to present the government's side of the argument

Corporate Affairs ministry extends date for various schemes amid Covid-19

Under the schemes, entities are allowed to submit filings without late fee and also get immunity from penal proceedings with respect to delay in submission of requisite filings.

Over 380,000 firms struck off under companies law in 3 years: Govt

In a written reply to the Rajya Sabha, Minister of State for Corporate Affairs Anurag Singh Thakur also said the term "shell company" is not defined under the Companies Act

All you need to know about the Companies (Amendment) Bill 2020

Listen to the podcast to know about the changes introduced in the Companies Act

Changes to Companies Act: Here are the amendments passed by Lok Sabha

Around 48 sections of the Companies Act, 2013 will be amended to decriminalise various offences

Companies can now hold their FY20 Annual General Meeting by Dec 31: MCA

In a major relief for corporates, the Ministry of Corporate Affairs (MCA) has extended the deadline to hold AGM for the financial year 2019-20 till December 31 in the wake of the pandemic

MCA amends deposit rules for startups, extends exemptions up to 10 yrs

Earlier, the limits of total deposit from members did not apply to a startup for five years from date of its incorporation

Covid-19 impact: MCA gives companies three more months to hold AGM for FY20

Companies are required to hold the AGM within six months of the end of a financial year

Nirav Modi case: PNB receives Rs 24 cr as first tranche of recovery from US

The central government said that PNB has informed the Ministry of Corporate Affairs that it has received 3.25 mn as the first tranche of recoveries in fugitive Nirav Modi case from the USA

PNB makes first recovery of Rs 24 cr in Nirav Modi fraud case in US

This was the maiden corporate fraud case abroad that MCA intervened in; Rs 82 cr in all will be distributed among unsecured creditors, including PNB, after assets of tainted group are liquidated

Ease of doing biz: Govt proposes unified compliance platform for India Inc

The Ministry of Corporate Affairs has started discussions with RBI, Sebi, and DPIIT

Corp affairs ministry allows companies to extend AGMs for up to 3 months

The firms will have to file an application to get an extension