Latest News on Companies Act
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Companies Act - Total results - 117
Mar 04, 2019
Vijay Mallya's defiance prompts Securities and Exchange Board of India to seek changes to Companies ActIn its proposal, SEBI has referred to its interim order dated 25 January, 2017, through which the regulator had barred Mallya and six others from holding directorship in any listed company till further directions.
Jan 20, 2019
Sebi turns down L&T's proposal for Rs 9,000 cr share buyback, says not in compliance with normsL&T had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per equity share, aggregating to Rs 9,000 crore.
Jan 16, 2019
Competition panel slaps Rs 1 cr-penalty on Godrej & Boyce, officials for cartelisation of dry cell batteries marketIn an order, CCI said that Godrej & Boyce and Panasonic Energy India along with their officials contravened Section 3 of the Companies Act by indulging in cartelisation, and are liable under the Act.
Jan 09, 2019
Cyrus Mistry was removed as chairman of Tata Sons without any prior intimation, says investment firms to NCLATCyrus Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016. He had taken over as the chairman in 2012 after Ratan Tata announced his retirement.
Jan 04, 2019
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hourWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays
Dec 21, 2018
Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulatorsThis is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.
Dec 20, 2018
Govt introduces bill to amend Companies Act; move to improve ease of doing business, ensure better compliance levelsThe bill would replace the Companies (Amendment) Ordinance, 2018 that was promulgated in November.
Dec 13, 2018
Cyrus Mistry camp questions affirmative vote of trustee nominee directors on Tata Sons boardSenior advocate CA Sundaram appearing on behalf of the Cyrus Mistry camp submitted before the NCLAT that through section 121 of AoA of Tata Sons, nominee directors have full power of the board to conclude any decision.
Dec 12, 2018
NCLAT resumes hearing over batch of petitions filed by Cyrus Mistry camp against Tata groupThe Mistry camp had challenged the 9 July order of the Mumbai bench of the NCLT which dismissed the pleas against his removal as Tata Sons chairman
Dec 03, 2018
Over 18.10 lakh registered companies, only 62% active at end of October: Official dataWith more than 6.46 lakh companies shuttered and many others undergoing various regulatory processes, including liquidation, the total number of active entities stood at 11.16 lakh during the period.