SEARCHED FOR:MINISTRY OF 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.
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 ...
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.
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 officers/staff have been created in the National Company Law Tribunal (NCLT).
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.
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.
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.
MCA, IBBI ask RBI to rethink keeping asset reconstruction companies out of resolution
The ministry and IBBI, in separate letters to the central bank, said its refusal is likely to impact insolvencies across sectors, two people directly involved in the matter told ET. “The argument is also that any further hold up will put the future of many resolution plans under Insolvency and Bankruptcy Code in jeopardy,” said source.
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 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.
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.
Government extends suspension of fresh insolvency proceedings for three months
The ministry of corporate affairs, which notified the extension on Thursday, had received extensive representation from the industry seeking extension of the suspension, according to reports. The current suspension of sections 7, 9 and 10 of the IBC for six months from March 25, as per the ordinance promulgated in June, was ending on Friday.
Caught in a pandemic, India Inc gets another three months to hold AGMs
Registrars of Companies in Maharashtra, Punjab, Delhi, Kerala, Rajasthan, Karnataka, Uttar Pradesh and Gujarat have extended the September-end deadline by an additional three months, the official said, adding that all other registrars will follow suit.
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