SEARCHED FOR:CORPORATE AFFAIRS
Company incorporations hit 7-year high of 16,487 in July: Ministry of corporate affairs
In one of the clearest signs of a pick-up in business sentiment, company incorporations touched a seven-year high of 16,487 in July, or 530 a day, according to data from the ministry of corporate affairs.
Over 19,800 cases were pending before NCLT till July 31
Minister of State for Corporate Affairs Anurag Singh Thakur said a total 320 posts of...
Ministry of corporate affairs notifies investigation rules for cases against NCLT judges
As per the procedure laid down, the committee shall ...
Cost auditors can now submit report till November 30 as MCA extends deadline
Statutory cost auditors are required to submit their audit of a company’s cost records within 180 days of the closing of the financial year, which means the deadline for FY20 falls in this month. Normally, companies have 30 days from the time they receive the cost audit report to submit the CRA-4 form to the MCA along with the board’s comments, effectively making the deadline November 30.
Corporate affairs secretary Rajesh Verma appointed as IEPFA chairman
The IEPFA was established in September 2016 to make refunds of shares, unclaimed dividends, matured deposits/debentures from the Investor Education Protection Fund to investors and to promote awareness among investors.
SFIO completed investigations against 361 companies last fiscal: Government
The data was provided in a written reply by Minister of State for Corporate Affairs Anurag Singh Thakur. The SFIO, which comes under the corporate affairs ministry, completed investigations in 12 cases involving 361 companies in 2019-20, according to the data.
Govt-appointed panel proposes 2 formats for business responsibility reporting by companies
The committee, constituted by the Ministry of Corporate Affairs in 2018, has proposed that the Business Responsibility Report should be called as the Business Responsibility and Sustainability Report (BRSR). As per the report, reporting may be done by top 1,000 listed companies in terms of their market capitalisation or as prescribed by markets regulator Sebi.
Injeti Srinivas appointed chairman of IFSCA
The former corporate affairs secretary and 1983-batch IAS officer of the Odisha cadre will head the IFSCA for a period of three years, the notice said. While at the helm of the ministry of corporate affairs (MCA), Srinivas was instrumental in pushing through significant reforms in the Insolvency and Bankruptcy Code (IBC) and the Companies Act.
Ministry of Corporate Affairs widens ambit of CSR activities
The notification, on Wednesday, widened the scope of CSR, which was earlier restricted activities benefiting the army, navy and air force veterans and their dependents and war widows.
Completely ban corporate funding of elections: Former External Affairs Minister S M Krishna
"We first need to cleanse the electoral system. The process is going on here and there. There have been some reforms which are just in the initial stages", the former Karnataka Chief Minister told .
Ministry of Corporate Affairs invites proposals for research into corporate governance using MCA-21 repository
The ministry has invited proposals for funding up to Rs 50 lakh for research in various topics from integration of the MCA-21 database with other databases to a corporate governance index (CGI) and more, in a notification on Wednesday.
NCLAT quashes NCLT order to make MCA party in all insolvency cases
According to the appellate tribunal, the NCLT’s order, was beyond the power of the tribunal as it was tantamount to the imposition of a new rule in a compelling fashion
View: Auditors should be made the frontline warriors of Ministry of Corporate Affairs
Regulators in Europe have issued new regulations. The Competition Commission in Britain has submitted strong recommendations to lawmakers that include rotation, ring fencing of audits, non-audit fee limitation, etc. Putting stakeholders’ interest first is now priority.
Atmanirbhar Bharat will strengthen India globally: Nirmala Sitharaman
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on September 11 said that Atmanirbhar Bharat at a time of COVID-19 is a v...
Single e-compliance window soon: MCA initiates discussions with RBI, Sebi, DPIIT on transfer of data
The corporate affairs ministry has initiated discussions with various regulators including the Reserve Bank of India, Securities and Exchanges Board of India (Sebi), and the Department for Promotion of Industry and Internal Trade, on the possibility of creating a single platform or compliance forms with common data sources, the official said.