Corporate Affairs-ministry

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Corporate Affairs-ministry - Total results - 95
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy
Business

Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy

Saving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of 910 billion rupees ($12.36 billion) was from public sector banks.

IL&FS crisis: Redemption pressure on mutual funds, capital inadequacy for smaller NBFCs among key concerns
Business

IL&FS crisis: Redemption pressure on mutual funds, capital inadequacy for smaller NBFCs among key concerns

In only the second instance in nearly a decade, the government has superseded the management of IL&FS where state-owned LIC is a major shareholder.

Corporate Affairs Ministry likely to deregister another 50,000 companies this fiscal
Business

Corporate Affairs Ministry likely to deregister another 50,000 companies this fiscal

In 2018-19, the Corporate Affairs Ministry has identified nearly 2.26 lakh companies for continuously not submitting requisite filings for two or more years.

KYC compliance: Govt to allow directors to submit details with reduced fee for 15 days
Business

KYC compliance: Govt to allow directors to submit details with reduced fee for 15 days

Nearly 21 lakh directors failed to submit the requisite KYC details when the deadline set by the Corporate Affairs Ministry ended on 15 September.

Binny Bansal clarifies Walmart did not overpay for Flipkart; US retail giant made a long-term bet on India
Business

Binny Bansal clarifies Walmart did not overpay for Flipkart; US retail giant made a long-term bet on India

Talking about Flipkart's plan to go public in the near future, Bansal said, “We believe you can be way more competitive with the right partners around.”

Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: Govt
Business

Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: Govt

The step has been taken for "further enhancing transparency, investor protection and governance in the corporate sector," the Corporate Affairs Ministry said

ICICI Bank-Videocon loan controversy:  Corporate affairs ministry summons Chanda Kochhar's husband, Deepak
Business

ICICI Bank-Videocon loan controversy: Corporate affairs ministry summons Chanda Kochhar's husband, Deepak

As the inspection progresses into six companies linked to ICICI Bank controversy, the Corporate Affairs Ministry will question Deepak Kochhar, husband of the bank's chief Chanda Kochhar, later this month

Kerala, After The Flood: Companies making donations can log disaster relief as corporate social responsibility
Business

Kerala, After The Flood: Companies making donations can log disaster relief as corporate social responsibility

Companies can club relief material under heads such as medical aid, sanitation, and providing housing and shelter.

Govt-appointed panel suggests restructuring of offences under companies law, pitches for in-house adjudication mechanism
Business

Govt-appointed panel suggests restructuring of offences under companies law, pitches for in-house adjudication mechanism

The panel has made various recommendations as part of larger efforts to promote ease of doing business and better compliance levels.

Govt ready to make more changes, if necessary, to Insolvency and Bankruptcy Code
Business

Govt ready to make more changes, if necessary, to Insolvency and Bankruptcy Code

The Code, which comes under the Corporate Affairs Ministry, has already been amended twice.

Govt orders probe into alleged corporate governance lapses; 13 cases referred to serious fraud investigator
Business

Govt orders probe into alleged corporate governance lapses; 13 cases referred to serious fraud investigator

Corporate affairs minister Piyush Goyal claims corporate governance standards at public sector banks (PSBs) are much better than before.

L&T clarifies: 'Haven't received so far any letter or notice from SFIO or any authority'
Business

L&T clarifies: 'Haven't received so far any letter or notice from SFIO or any authority'

L&T's statement comes a day after the government informed Parliament that SFIO has received complaints against private sector lender ICICI Bank and engineering firm Larsen and Toubro.

Serious Fraud Investigation Office receives complaints against ICICI Bank, L&T: Govt informs Rajya Sabha
Business

Serious Fraud Investigation Office receives complaints against ICICI Bank, L&T: Govt informs Rajya Sabha

However, the minister has not provided details of the complaints about ICICI and L&T

Govt issues preliminary notices to 272 companies for not complying with CSR spending requirements
Business

Govt issues preliminary notices to 272 companies for not complying with CSR spending requirements

Piyush Goyal said Centralised Scrutiny and Prosecution Mechanism (CSPM) has been tasked to examine the records of top 1,000 companies obliged to spend on CSR

Auditors may soon have to compulsorily get registered with National Financial Reporting Authority
Business

Auditors may soon have to compulsorily get registered with National Financial Reporting Authority

The NFRA would act as an independent regulator for the auditing profession.

Govt to soon come out with definition for shell companies, says union minister P P Chaudhary
Business

Govt to soon come out with definition for shell companies, says union minister P P Chaudhary

Generally, shell companies exist only on paper and are often used by fraudsters for carrying out their illegal activities

Govt to improve norms for auditors, corporate professionals, says union minister P P Chaudhary
Business

Govt to improve norms for auditors, corporate professionals, says union minister P P Chaudhary

Union Minister P P Chaudhary's comments come against the backdrop of some auditing entities coming under the scanner of the Corporate Affairs Ministry following various complaints

Aircel, two other companies come under SFIO lens for alleged financial irregularities
Business

Aircel, two other companies come under SFIO lens for alleged financial irregularities

The Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities at debt-laden Aircel as well as two group entities -- Aircel Cellular and Dishnet Wireless

Videocon loan controversy: ICICI Bank says no communication from US SEC on allegations involving Chanda Kochhar
Business

Videocon loan controversy: ICICI Bank says no communication from US SEC on allegations involving Chanda Kochhar

ICICI Bank said it has not received any "specific communication" from the US markets regulator SEC with regard to allegations involving Chanda Kochhar

Videocon loan controversy: ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help
Business

Videocon loan controversy: ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help

As multi-agency probe continues in India into alleged lapses involving ICICI Bank's chief Chanda Kochhar and her family members, the matter has also come under the scanner of the US markets regulator SEC.