COMPANIES ACT 2006
CG Power: Mails show deliberate attempt to deny Thapar info
A mail seen by IANS, shows that Omkar Goswami, an independent Director of the company suggested his colleagues to desist from sharing the minutes of meetings from Aprl 1, 2015 at "one go" to ousted Chairman Gautam Thapar. Thapar and other accused have blamed the current management of not providing the required documents sought by them to defend themselves.
Education received major chunk of CSR spend by corporates: Government
The CSR activities taken up by the companies relate to various sectors ...
Wary of fraud, independent directors now probe before they leap
Independent directors fear that they may be implicated in a fraud even in cas...
Court rejects Sahara chief's plea seeking discharge from bonds sale case
Besides Subrata Roy, two group cos- Sahara Housing Investment Corporation and Sahara India Real Estate- and their three directors are named as accused in the case. Roy and the three directors had filed applications in the court seeking discharge from the case. The case relates to the issue of Optionally Fully Convertible Debentures (OFCD) by the companies.
Worried independent directors no longer keen to hold board seats
This unabated exodus reflects a trust deficit in corporate India, said the chairman of a leading conglomerate.
Startups to get 10-year waiver from regulatory filings
A government official said a notification would be issued soon to put into effect the proposed changes, although relaxation of norms on financial filings for startups would require an amendment to the Companies Act.
RBI doesn’t relent, chiefs of private banks need to retire at 70
RBI is of the view that 70 years is a reasonable age for a private bank chiefs to retire.
Getting back lost shares, dividends now made easier
So far, around Rs 200 crore has been restored to the rightful claimants to whom the funds belong.
Sunil Bharti Mittal knocks on government doors to tackle statutory dues not fully provisioned for
Delivering its verdict, the Supreme Court had on October 24 upheld government contention that non-core revenue in telecoms groups should be included in adjusted gross revenue -- the figure on which statutory levies are charged.
Gujarat NRE Coke former promoter to be ineligible to negotiate with creditors: NCLAT
Jindal Steel and Power, which is an unsecured creditor of Gujarat NRE Coke, had challenged an NCLT order that allowed the promoters to settle debts with its creditors.
SFIO asks India’s top law firms to disclose all information related to IL&FS
SFIO demands info for the past 10 years from top law firms who have reached out to IL&FS for its consent.
Private companies with debts may soon have to undergo mandatory secretarial audit
Secretarial audit is right now restricted to listed firms which have outstanding debt beyond a threshold.
Ex-chairman of Bhushan Steel should go to trial court for bail: SFIO to HC
Brij Bhushan Singal and his son Neeraj Singal are accused of siphoning off Bhushan Steel Ltd funds.
Government moves NCLAT against NCLT orders directing probe into cos' affairs by SFIO
In a petition moved before the NCLAT, the SFIO submitted that it being a statutory investigative office can direct to investigate into the affairs of the companies only by the Ministry of Corporate Affairs (MCA).
Govt introduces code of conduct, performance rating for non-official directors at PSBs
The government has decided to institute certain measures to improve corporate governance in banks.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service