MINISTRY OF CORPORATE AFFAIRS
India condemns 'targeted killing' of Sikh community member in Pakistan's Peshawar
The Ministry of External Affairs (MEA) said Pakistan should stop "prevaricating" and take immediate action to apprehend and give exemplary punishment to the perpetrators of the crime.
Centre deallocates coal block allotted to PFC arm for power project
The coal ministry had in 2010 allocated the coal block in Odisha for a 40...
Plaints against 19 MPs rejected over procedure; Naidu calls for awareness about Ethics panel rules
The complaints against 19 Rajya Sabha memb...
Central Vista makeover: Cabinet secy asks ministries to provide staff details by Jan 15
The government has readied a blue print for its ambitious plan to redevelop Central Vista -- for which several buildings such as Krishi Bhawan, Shastri Bhawan, Vigyan Bhawan, Vice-President's residence and Nirman Bhawan are likely to be razed. The redevelopment plan of Central Vista is likely to include a triangular Parliament building next to the existing one.
Proposal looks to decriminalise 2/3rd offences under Companies Act
Proposed changes have been drawn from the report of the Company Law Committee (CLC), headed by corporate affairs secretary Injeti Srinivas. “Proposals to decriminalise about 44 of the compoundable offences under the Companies Act will be taken up by the cabinet,” said a senior official.
India plans new law to protect foreign investment: Sources
India plans to attract more capital from overseas to boost stuttering domestic growth by this move.
MHA expedites procedure to amend IPC, CrPC in a bid to curb henious crimes
The suggestions include diluting the right to file an appeal or seek legal remedies in henious crimes against women, and making forensic evidence compulsory in criminal cases where punishment is seven years or more, so that the amended law could be as strict as it "instill fear among criminals", an official said.
I resigned from YES Bank as independent director because of corporate governance failure: Uttam Prakash Agarwal
I was also not satisfied with the system being followed for raising capital.
Cases involving Rs 3.75 lakh cr disposed of at IBC pre-admission stage
As many as 21,136 applications have been filed under the Code, the corporate affairs ministry said in a release on Sunday. It said that "9,653 cases involving a total amount of approx. Rs 3,74,931.30 crore have been disposed of at pre-admission stage of IBC."
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Labour Ministry moots social security fund linked to CSR norms
The ministry has proposed constituting a social security fund or funds for provision of social security to unorganised workers, platform workers or gig workers or any class of such workers to be administered by the central government in the social security code.
Ministries of Tribal Affairs and Home Affairs lead in RTI rejections: CIC report
The report, tabled in both houses of Parliament this week, said 64,334 applications, which comes to 4.70 per cent of the 13.70 lakh applications received during 2018-19, were rejected. The first appeals before seniors against the decisions of RTI processing officers called Central Public Information Officers marginally declined from 9.72 per cent last year to 9.29 per cent in 2018-19.
Govt took several steps for ease of doing biz: MCA
The IBC was amended twice in 2018 to disqualify undesirable persons from regaining control of companies undergoing resolution and to balance the interests of various stakeholders in the Code, especially interests of home buyers and micro, small and medium enterprises.
Corporate affairs ministry moves NCLT to reopen CG Power books for FY15-19
The National Company Law Tribunal (NCLT) directed the ministry to issue notices to market regulator Sebi, the income tax department and Thapar to file reply within a week and also asked the ministry to file the rejoinder a week later. The tribunal has posted the matter for more hearing to December 16.
MCA's 2019 Review: Steps for ease in business, insolvency resolution
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunday mentioned the various steps it undertook in 2019 for ease of doing business and creating a robust insolvency framework.
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