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Posted Date : 01-Oct-2018 , 11:09:54 pm | Posted By CASANSAAR
The Central Government, based on a report received from the Regional Director, Mumbai, Ministry of Corporate Affairs, concluded that the affairs of IL&FS holding Company and its group companies are being conducted in a manner prejudicial to public interest. With a view to preventing ...
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Posted Date : 30-Sep-2018 , 10:22:39 pm | Posted By CASANSAAR
In pursuance of its objective of ensuring that Legislation is in sync with the needs of strong economic fundamentals, the Government has constituted a Competition Law Review Committee to review the Competition Act. The Competition Act was passed in the year 2002 and the Competition Comm...
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Posted Date : 28-Sep-2018 , 10:51:53 pm | Posted By CASANSAAR
A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on Corpora...
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Posted Date : 26-Sep-2018 , 09:48:45 pm | Posted By CASANSAAR
Ministry of Corporate Affairs has extended the last date for rendering the Valuation services without a Certificate of Registration under the Companies Act 2013 till 31st January, 2019. After 31st January 2019 only registered valuers under IBBI will do the Valuation. Prior to amendment the las...
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Posted Date : 03-Sep-2018 , 12:34:30 pm | Posted By CASANSAAR
The government plans to have examinations for individuals who want to become independent directors as part of bolstering the corporate governance framework, according to Union Minister P P Chaudhary. While there are stringent provisions under the Companies Act, 2013 to ensure good governance standar...
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Posted Date : 28-Aug-2018 , 08:29:32 am | Posted By CASANSAAR
A Government committee has recommended companies to declare commencement of business in order to curb shell companies. It has also suggested capping independent directors’ remuneration. The report also touches upon certain essential elements related to corporate governance such as declarati...
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Posted Date : 24-Aug-2018 , 04:21:58 pm | Posted By CASANSAAR
In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares. However, the two-judge bench headed by Justice S.J. Mukhopadhyaya, declined Mistry's appeal to stay the conversion of Tata Sons into a pri...
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Posted Date : 03-Aug-2018 , 10:24:31 pm | Posted By CASANSAAR
Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non- filing of due returns for...
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Posted Date : 31-Jul-2018 , 09:35:14 am | Posted By CASANSAAR
In what could kick off a new wave of mergers and acquisitions and open a new frontier in the resolution space, Chennai National Company Law Tribunal has given the green signal to merger of a Limited Liability Partnership with a private company. The move, experts say, sets a distinct precede...
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Posted Date : 18-Jul-2018 , 07:57:37 am | Posted By CASANSAAR
The NCLAT today stayed the meeting of Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on finalisation of bids of the debt-ridden firm. The National Company Law Appellate Tribunal (NCLAT) also pulled up the Resolution Professional (RP) of the company, Mahendra Kumar Khandelwal,...
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Posted Date : 31-May-2018 , 07:38:32 am | Posted By CASANSAAR
The government sought applications for the posts of chairperson and three full-time members of the National Financial Reporting Authority (NFRA). In March, the Cabinet approved setting up of the NFRA, which would be an independent regulator for the auditing profession. The same month, the C...
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Posted Date : 28-Apr-2018 , 07:08:13 am | Posted By CASANSAAR
Retirement fund body EPFO today said it has provided an offline tool for employers for validating the ECR or EPF return (electronic challan cum return) before uploading it at the unified portal. "In order to assist the employer to create the correct ECR file every month, EPFO has provided an...
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Posted Date : 28-Apr-2018 , 07:03:17 am | Posted By CASANSAAR
The National Company Law Appellate Tribunal (NCLAT) today stayed an order of the Competition Commission that imposed a penalty of Rs 136 crore on Google for unfair business practices in online search market. While admitting the plea of Google against the order, the NCLAT bench headed by Chairman ...
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Posted Date : 03-Apr-2018 , 09:45:45 am | Posted By CASANSAAR
In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central Government, vide Gazette Notification dated 18th October, 2017, published the Companies (Registered Valuers and Valuation) Rules, 2017 (hereafter ‘Rules&r...
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Posted Date : 11-Mar-2018 , 09:40:11 pm | Posted By CASANSAAR
The Chit Funds (Amendment) Bill and The Fugitive Economic Offenders Bill are scheduled to be introduced in the Lok Sabha on Monday. AIR correspondent reports, last month, the Cabinet had given its approval to introduce the Chit Funds (Amendment) Bill in Parliament. The amendment ha...
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Posted Date : 18-Dec-2017 , 09:48:01 pm | Posted By CASANSAAR
The government on Monday introduced a bill in the Lok Sabha that will allow it to notify the period of maternity leave and gratuity that can be availed by employees under a central law. The Payment of Gratuity (Amendment) Bill, 2017 was introduced by Labour Minister Santosh Kumar Gangwar in the H...
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Posted Date : 07-Dec-2017 , 07:20:16 pm | Posted By CASANSAAR
An online petition against the bail-in provision in the FRDI bill has got thousands of signatures even as the finance ministry said that the proposal, under consideration of a joint parliamentary committee, is depositor friendly and provides more protection. An online petition on Change.org...
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Posted Date : 23-Nov-2017 , 06:40:13 pm | Posted By CASANSAAR
The Government of India promulgated today the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). Earlier the President of India had given his assent to the Ordinance to amend the Code. The Ordinance aims at putting in place safeguards to prevent unscrupulous, undesi...
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Posted Date : 22-Nov-2017 , 09:35:40 am | Posted By CASANSAAR
With rising number of cases under the Insolvency and Bankruptcy Code, the government has set up a 14-member panel to identify and suggest ways to address issues faced in implementation of the law. The Insolvency Law Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, would take sto...
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Posted Date : 06-Sep-2017 , 11:46:47 am | Posted By CASANSAAR
The government today said directors or authorised signatories of deregistered companies who try to siphon off money from the firms' bank accounts can face up to 10 years imprisonment. Besides, the directors of shell companies that have not filed their returns for three or more years wou...
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Posted Date : 06-Sep-2017 , 10:16:07 pm | Posted By CASANSAAR
The finance ministry on Tuesday restricted directors of around 200,000 dormant companies struck off official records from accessing their firms’ bank accounts. The move is a precautionary measure aimed at preventing misuse of the bank accounts, said a finance ministry official who spoke on ...
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Posted Date : 14-Jun-2017 , 09:06:58 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation...
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Posted Date : 13-Jan-2017 , 08:12:30 am | Posted By CASANSAAR
The Supreme Court today refused to intervene in the legislative process on the amendments to the law on Whistleblower's Protection Act 2011. The apex court said Parliament is seized of the matter and by asking the legislature about the proposed amendments, it cannot breach the limit. Re...
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Posted Date : 12-Jan-2017 , 10:23:07 pm | Posted By CASANSAAR
The Bankruptcy and Insolvency Code will drive growth of debt market in India, which hardly exists in corporate and business financing, Dr. MS Sahoo, Chairman, Bankruptcy Board of India told Fe. While the country has a matured and bullish equity market, the debt market in India was yet to develop. Th...
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Posted Date : 31-Aug-2016 , 02:16:43 pm | Posted By CASANSAAR
The Union Cabinet has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions in the FDI Policy notified by the Government from time to time. The scheme is expected to encourage foreign investment in India and facilitate Make in India...
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Posted Date : 22-Jul-2016 , 07:30:20 am | Posted By CASANSAAR
Press Information Bureau Government of India Ministry of Commerce & Industry 20-July-2016 14:28 IST ‘START-UP INDIA’-Coverage and Eligibility Till date 728 applications have been received in the Startup India portal. Out of them,...
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Posted Date : 16-Jul-2016 , 09:28:51 am | Posted By CASANSAAR
The Registrar of Companies (RoC) has served warning to about 100 companies over non-disclosure or improper disclosure of their corporate social responsibility (CSR) spending, sending a strong signal that the government is very serious about compliance. Regional registrars of companies (RoCs...
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Posted Date : 05-Nov-2015 , 08:33:16 am | Posted By CASANSAAR
The chief financial officer of a BSE-listed infrastructure company recently quit his job within months of joining, fearing he could be prosecuted because his employer — part of a group that has half a dozen other listed firms —was fabricating its accounts. "They literally m...
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Posted Date : 29-Oct-2015 , 08:03:20 am | Posted By CASANSAAR
The Government on Wednesday appointed senior Indian Revenue Service officer Najib Shah as Chairman, Central Board of Excise and Customs. “The Appointments Committee of Cabinet has approved the appointment of Najib Shah, Member CBEC as Chairman CBEC vice Kaushal Srivastava,” sa...
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Posted Date : 16-Oct-2015 , 07:27:20 am | Posted By CASANSAAR
This joined up service enables the applicant to fill a common form for 'MCA-Name, DIN and COI', 'CBDT-PAN, TAN', 'MoLE- ESIC and EPFO' services and the same is then routed sequentially to the respective department for processing. While applying for these services, eBiz refere...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
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- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
