FTIL may have to absorb over Rs 5,200 cr NSEL liabilities
So far, the crisis-hit exchange has managed to recover only about Rs 360 crore dues from defaulters, a part of which has been disbursed and the rest is in an escrow account.
Oct 21, 2014, 20:20 PM IST
India sees setting up of 478 one-person companies till August
According to data compiled by the Corporate Affairs Ministry, 478 OPCs have been set up till August 31 and together they have an authorised capital of Rs 11.95 crore.
Oct 19, 2014, 14:54 PM IST
Govt extends company law settlement scheme till November 15
The government Thursday extended till November 15 a scheme that allows defaulting companies to make their statutory filings without attracting any prosecution.
Oct 16, 2014, 20:00 PM IST
Kingfisher faces scrutiny for accounting lapses
The Ministry is closely looking at possible violations of companies law by Kingfisher Airlines, especially with regard to accounting practices, sources said.
Oct 12, 2014, 14:59 PM IST
Corp Affairs ministry says simplifying procedures under new companies law
The Companies Act, 2013 -- that replaces the nearly six-decade old law governing corporates in the country -- came into effect from April 1.
Oct 03, 2014, 13:26 PM IST
Corp Affairs Min asks companies to make filings well in time
Companies registered in the country have to submit their filings to the Ministry through MCA21 portal.
Sep 24, 2014, 17:49 PM IST
Accounting norms applicability may hit power firms' profits
At present, many power companies capitalise direct and indirect costs attributable to the fixed assets and borrowing costs, even in case of extended delay in capitalisation of projects, for reasons beyond the control of these companies.
Aug 31, 2014, 12:23 PM IST
Companies Act: MCA officials to brief Jaitley Wednesday
Corporate Affairs Ministry officials are likely to brief Arun Jaitley Wednesday about the implementation of the new companies law.
Aug 19, 2014, 18:08 PM IST
Govt tweak rules for companies' audit committee meetings
The audit committee meeting of a company for consideration of consolidated financial statement cannot be conducted through video conferencing or other audio visual means, according to new rules.
Aug 18, 2014, 17:43 PM IST
Shareholders' prior nod needed for related party transactions
Providing more clarity, the government has said that certain class of related party transactions whose value is more than Rs 100 crore would require shareholders' prior approval by way of a special resolution.
Aug 17, 2014, 22:20 PM IST
MCA ordered probe against 93 cos in 2013-14: Minister
The Corporate Affairs Ministry initiated probes against as many as 93 companies in 2013-14 for alleged fraudulent activities -- the highest number recorded in last three financial years.
Aug 08, 2014, 16:00 PM IST
Only 4% of Indian company directors are women: Report
The Companies Act, 2013 , makes it mandatory for public and private firms with an annual turnover of $50 million) to have at least one female director by Oct. 1, 2014.
Aug 08, 2014, 09:15 AM IST
MCA has ordered probe against 63 West Bengal firms: Sitharaman
Sitharaman informed the house that a total of 1,82,417 companies and 1,168 Limited Liability Partnership (LLPs) were registered in West Bengal till June-end, 2014.
Aug 05, 2014, 16:09 PM IST
Nearly 1,800 new companies were set up in May
Data from the Corporate Affairs Ministry showed that 1,789 new companies were registered in the country in May 2014.
Jul 06, 2014, 12:12 PM IST
Govt relaxes resident director norms for companies
The relaxation allows for companies to have at least one director who has resided in India for more than 136 days this year.
Jun 29, 2014, 14:42 PM IST
