Ministry Of-corporate-affairs

Showing of 1 - 20 from 107 results
Ministry Of-corporate-affairs - Total results - 107
Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

Govt says no illegality in conversion of Tata Sons into private company; NCLAT reserves order
Business

Govt says no illegality in conversion of Tata Sons into private company; NCLAT reserves order

Last month, the NCLAT set aside the RoC decision allowing conversion of Tata Sons into a private company.

NCLAT adjourns RoC plea on Ratan Tata-Cyrus Mistry case till 3 January; seeks definition of pvt, public cos from MCA
Business

NCLAT adjourns RoC plea on Ratan Tata-Cyrus Mistry case till 3 January; seeks definition of pvt, public cos from MCA

The NCLAT had directed the RoC to reverse Tata Sons' status from a 'private company' to a 'public company'.

Cyrus Mistry unlikely to take up board position in Tata group despite NCLAT verdict, may appoint nominee directors
Business

Cyrus Mistry unlikely to take up board position in Tata group despite NCLAT verdict, may appoint nominee directors

On 18 December, the NCLAT had ordered the restoration of Cyrus Mistry back as the executive chairman of Tata Sons.

Tata-Mistry saga: Registrar of Companies seeks modification in NCLAT order; to be listed for hearing on 2 January
Business

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'

NCLAT verdict on Tata Sons: Corporate Affairs Ministry seeks modification in appellate tribunal order
Business

NCLAT verdict on Tata Sons: Corporate Affairs Ministry seeks modification in appellate tribunal order

The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter

SFIO begins probe into alleged irregularities at CG Power and Industrial Solutions, 15 group firms
Business

SFIO begins probe into alleged irregularities at CG Power and Industrial Solutions, 15 group firms

The Serious Fraud Investigation Office (SFIO) has started probe into the alleged irregularities at CG Power and Industrial Solutions Ltd and its 15 group companies

NCLAT stays NCLT directive to make Ministry of Corporate Affairs party to all insolvency cases
Business

NCLAT stays NCLT directive to make Ministry of Corporate Affairs party to all insolvency cases

The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order.

NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter
Business

NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter

Earlier, on 25 October, the NCLAT had asked both organisations, which are presently headed by Sitharaman, to settle the matter adding that there was no question of amendment of laws.

Bhushan Power and Steel insolvency case: NCLAT asks ED, MCA to reach consensus on attachment of  assets
Business

Bhushan Power and Steel insolvency case: NCLAT asks ED, MCA to reach consensus on attachment of assets

The National Company Law Appellate Tribunal (NCLAT) on Friday asked the divergent Enforcement Directorate and the Ministry of Corporate Affairs to discuss and reach a consensus on the attachment of assets of Bhushan Power and Steel (BSPL)

Strict punishment in offing for 3.38 lakh shell company owners: Centre to deploy DRI, FIU, CBDT, CBI for probe; ED to verify how funds are managed, laundered
India

Strict punishment in offing for 3.38 lakh shell company owners: Centre to deploy DRI, FIU, CBDT, CBI for probe; ED to verify how funds are managed, laundered

So far, 3.38 lakh shell companies has been identified and de-registered by the Ministry of Corporate Affairs. A maximum of 75,000 companies in Delhi, 73,000 in Mumbai, 46,000 in Andhra Pradesh and Telangana together, and 16,000 in Kolkata were identified as shell entities which were used for tax evasion, obscuring real ownership, money laundering and purchase of benami properties.