Ministry Of Corporate Affairs

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.

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.

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks

On 29 July, the NCLAT stayed the order of the Mumbai bench of the NCLT to implead the auditors and the independent directors of IL&FS.

No unnecessary action against independent directors without strong evidence of wrongdoing: MCA

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

Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies

Certain protection and reliefs were granted to the 55 entities through an order passed by the National Company Law Appellate Tribunal (NCLAT) on 15 October, 2018

Tata-Mistry: Supreme Court stays NCLAT order dismissing RoC plea seeking modification of verdict

The Supreme Court Friday stayed the order of appellate tribunal NCLAT which had dismissed the plea of Registrar of Companies seeking modification of its verdict in the Tata-Cyrus Mistry case

Murugappa Group family rift: Eldest daughter of late founder threatens to take legal recourse if amicable settlement not reached soon

Arunachalam, her sister Vellachi Murugappan and their mother MV Valli Murugappan together hold 8.15 percent stake in the holding entity that controls 28 registered entities and 10 listed companies

Tata-Mistry case: Supreme Court likely to hear Tata Sons plea against NCLAT decision on 10 January

Tata Sons Private Ltd (TSPL) preferred not to mention in the Supreme Court on Monday its petition challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group

Tata-Mistry case: NCLAT dismisses RoC plea on modification of judgement; says 18 December verdict casts no aspersions against it

NCLAT, on 18 December, had directed to reinstate Cyrus Mistry as the executive chairman of the $110-billion Tata group