Against the backdrop of instances of independent and non-executive directors coming under the scanner for alleged corporate misdoings, the ministry has sent out a circular to its Regional Directors, Registrars of Companies (RoCs) and official liquidators with respect to prosecution proceedings
Personal insolvency regime to be fully operational in a year; non-adjudicatory process being worked out: Injeti Srinivas
The corporate affairs ministry will be implementing the personal insolvency regime in phases.
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.
This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis
IL&FS crisis: Independent directors come under corporate affairs ministry scanner for lapses in carrying out duties
The crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.
Universal debt relief scheme: Govt planning to provide relief to small borrowers, micro-entrepreneurs, says Corporate Affairs Secretary Injeti Srinivas
The Corporate Affairs Secretary said the cost of the scheme is unlikely to exceed Rs 20,000 crore, but will benefit millions in the very small-ticket loan category.
Corporate Affairs Ministry database fairly reliable, not a black box, says secretary Injeti Srinivas
The corporate affairs ministry maintains a fairly reliable database that is not a "black box", a senior official said on Thursday and emphasised that it is up to statistical authorities to decide on which data is representative for GDP calculation
IL&FS resolution on track; green cos' Rs 12,000 crore debt likely to be settled by July: Corporate Affairs Secretary
The board of IL&FS group, which is estimated to have a debt burden of over Rs 94,000 cr, was superseded by corporate affairs ministry in October last year
IL&FS crisis: Auditors have many questions to answer; gravity of offence will determine quantum of action: Govt
Crisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities, including some former officials and auditors, are under the scanner for widespread irregularities and huge loan defaults.
Govt set to provide financial assistance to minority investors for class action lawsuits, rules to be notified soon
The concept of the class action suit, that provides an option for investors to seek remedy as a group, is well known in Western countries.
Goyal has reportedly agreed to cut his stake in the airline to 9.9 percent from earlier 51 percent. Airline's chief executive Vinay Dube is expected to stay on board
Jet Airways crisis: Good outcome from creditors-company negotiations better than insolvency, says govt official
Corporate Affairs Secretary Injeti Srinivas was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC)
Over Rs 2 lakh crore worth of loan defaults have been settled and fresh addition of non-performing assets of financial institutions has also come down after the Insolvency and Bankruptcy Code (IBC) came into being in 2016
IL&FS crisis: Multiple options explored, selling the firm as going concern best-case scenario, says Injeti Srinivas
The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.
Changes to Insolvency and Bankruptcy Code to be prospective, says Corporate Affairs Secretary Injeti Srinivas
With a high-level panel suggesting a slew of changes to insolvency law, Corporate Affairs Secretary said that amendments would be prospective in nature
Sports Secretary Injeti Srinivas on Tuesday made it clear that merit is the sole criteria for including individual athletes in the Target Olympic Podium Scheme (TOPS) and there were strong reasons behind javelin thrower Davinder Singh Kang's exclusion from the list.
Are Pullela Gopichand, Injeti Srinivas guilty of causing conflict of interest in India sports administration?
As votaries of the move against conflict of interest in sports administration, Srinivas and Gopichand – and perhaps, Bindra and Rasquinha, as well – could have contributed towards the cleansing of the vexed system that has plagued India for long by playing defining roles. Disappointingly, they appeared to have played the system themselves.
The Deaflympians, who had staged a protest at the airport here for not getting a proper welcome by the Sports Ministry, have demanded that they should be treated at par with para-athletes.
A former manager with the Benfica reserve side, De Matos replaces Nicolai Adam, who was forced to resign after a revolt from the players.