Companies Act News
Amid a pandemic, lockdown and govt apathy, NGOs ensure online education addresses learning needs of disabled children
Even as institutions embark on digital platforms to cope with the disruption of traditional pedagogical methods amid the coronavirus crisis, the absence of the disabled community from conversations on education raises questions over the sustainability of online academic practice.
Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
The impact that the changes to the IBC will result in could possibly only come to light several months from today.
National Company Law Tribunal transfers 8 members with immediate effect; to form a new bench for Cuttack
According to a notification issued by the National Company Law Tribunal Registrar on Thursday, the list comprises four judicial members and four technical members.
Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law
In June last year, the ministry of corporate affairs had moved the NCLT against BSR and some of the then external auditors of IL&FS alleging professional misconduct.
Coronavirus Outbreak: Industry bodies seek extension of financial year till 30 June citing current economic situation
CII also called for allowing companies to pass circular resolutions for restricted matters without the requirement of conducting a board meeting for approving such matters for a period up to June 30, 2020.
Implement 'Work from Home' policy to curb spread of virus infections, advises government to companies
Companies have been strongly advised to put in place an immediate plan to implement the 'Work from Home' policy as a temporary measure till 31 March.
More companies in India complying with CSR norms under Companies Act; number of firms spending beyond 2% registers rise: Report
The findings of the 'India CSR Reporting Survey 2019', compiled by KPMG in India, that covered 100 companies also revealed a 150% rise in the number of firms that have committed to carry forward 2% of the unspent amount.
Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February
Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.
Tata-Mistry saga: Registrar of Companies seeks modification in NCLAT order; to be listed for hearing on 2 January
The NCLAT had also directed the Registrar of Companies to reverse Tata Sons' status from a 'private company' to a 'public company'
Narendra Modi said that the aim of the government is to both formalise and modernise the country's economy.
Minority stakes count: Cyrus Mistry's NCLAT win in Tata Sons tussle is a significant precedent in refining shareholder democracy in India
The Tata-Mistry ruling should give a sobering message to promoter-driven companies that running a public company through a board involves procedures and practices that go beyond a simple majority-oriented approach
Over 14,000 prosecutions withdrawn under Companies Act, says centre; undertook various steps to improve ease of doing business
India has improved its ranking on the World Bank's 'Doing Business 2020' report, moving up 14 positions to the 63rd spot.
Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms
The Budget for 2018-19 had proposed the merger of three public sector general insurance companies and subsequent listing of the merged entity on stock exchanges.
Decriminalise 46 more offences under companies law; lower monetary penalties for startups violations, says panel report
The Company Law Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has also recommended providing power to enhance thresholds for the applicability of CSR requirements under the Companies Act, 2013
According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups.
A government-constituted high-level panel on Tuesday suggested making expenditure on CSR tax-deductible as well as treat non-compliance with CSR requirements a civil offence
IndiGo promoters spat: Govt to examine if issues in airline are management dispute or companies law violation
The ministry, which is implementing the companies law, has sought information from InterGlobe Aviation -- the parent of IndiGo — after Gangwal raised red flags in July.
CSR no more an act of magnanimity; no intention to criminalise any default: Corporate Affairs Secretary Injeti Srinivas
As per data available with the ministry from disclosures made by companies, more than Rs 52,000 crore has been spent from 2014-15 to 2017-18 period towards CSR activities
Govt’s CSR attack on companies a cruel joke when economy is tanking; don’t force social service at gunpoint
The CSR is no longer a responsibility but an obligation failing which the concerned executives of a company can face up to Rs 25 lakh fine and up to three years of jail term.
Withholding of dividends: SAT asks SEBI to probe market norms violation by Vedanta-owned Cairn India
In 2017, the UK based firm had approached the regulator over non-payment of dividend amounting to over Rs 340 crore by Cairn India.