Mar 02, 2020 09:40 PM IST No unnecessary action

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canada goose uk black friday May 25, 2020 03:50 PM IST NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two member bench of the appellate tribunal said the NCLT’s direction was „beyond the power“ and amounted to „imposition of a new rule in a compelling fashion“.May 05, 2020 08:51 PM IST Coronavirus lockdown 3.0 MCA allows companies to hold AGMs through video conferencing The ministry also allowed companies to send their financial statements and other required documents required via email.Apr 07, 2020 08:58 AM IST COVID 19 The virtual reality of shareholder meetings With social distancing and lockdowns becoming the norm, shareholder meetings will have to take on a virtual form. Although companies, investors, and regulators may not all be prepared, this will be the new normal.Mar 04, 2020 05:00 PM IST Zuari Agro Chemical under MCA lens over corporate governance violations The Ministry of Corporate Affairs‘ western regional director office has ordered an inspection under Section 206 of the Company’s Act.Mar 02, 2020 09:40 PM IST No unnecessary action against independent directors without strong evidence of wrong doing: 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.Jan 16, 2020 10:30 PM IST IL case: NCLAT to provide formula for distribution of proceeds among creditors The tribunal have also asked some of the lenders to file revised framework proposed by the Ministry of Corporate Affairs within a week, stating their position in the resolution of IL group, which has a cumulative debt of over Rs 90,000 crore.Jan 10, 2020 07:38 PM IST NCLAT reserves order over NCLT’s jurisdiction to implead auditors in IFIN case The Ministry of Corporate Affairs (MCA) had asked the National Company Law Tribunal (NCLT) to freeze the assets of the former auditors in the case involving alleged fraud in IFIN, a subsidiary of Infrastructure Leasing Financial Services (ILJan 03, 2020 08:25 PM IST MCA says no illegality in conversion of Tata Sons into pvt co; NCLAT reserves order A two member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya, which reserved its order on the RoC’s petition, said it will clarify that the December 18 judgement does not cast aspersions on the RoC and indicated that its order is likely to come on Monday next week.Dec 26, 2019 04:24 PM IST Independent directors get the chills, nearly 1,400 resignations in 2019: Report Factors such as increasing liability, fear of frauds, higher number of cases of corporate governance and fear of personal reputation getting tainted have been pointed out as reasons behind the exits.Dec 24, 2019 02:30 PM IST MCA extends IL DMD Bijay Kumar’s tenure by one year Kumar, an Indian Administrative Officer (IAS) of 1986 batch, was appointed director to the board of lL by the Ministry of Corporate Affairs from December 21, 2018, and then took over as DMD of the group from December 24, 2018, for a period of one year.Nov 26, 2019 10:47 AM IST Policy Independent directors need training, not eligibility criteria The proficiency self assessment test instituted by the MCA is unlikely to provide any meaningful solution to board strengthening. There is no denying that boards in India need training but understanding technical subjects will not help directors in taking the right decision.Nov 15, 2019 04:14 PM IST Ministry of Corporate Affairs notifies IBC Rules, 2019: Report The news rules will apply to financial service providers under section 227, the government told CNBC TV18Nov 01, 2019 04:58 PM IST Govt orders SFIO probe against crisis hit DHFL The Ministry of Corporate Affairs carried out a detailed examination of the allegations of financial misdoings against the company’s promoters through the Registrar of Companies (RoC).Oct 25, 2019 12:10 PM IST NCLAT asks ED, MCA to reach consensus on Bhushan Power and Steel assets A three member bench headed by Chairperson Justice S J Mukhopadhaya said there was no question of amendment of laws, and both the wings of the central government should settle the issue.Oct 24, 2019 08:05 PM IST Inspecting complaints against Indiabulls Group: Centre tells Delhi HC The government said the inspection reports for IBVL and IBHFL are likely to be ready by the end of October and that for IBREL is expected to be ready by the end of November.Oct 14, 2019 02:48 PM IST Loan melas Banks disbursed Rs 81,781cr loans from October 1 9: Finance Secy In order to ensure liquidity for small businesses, Sitharaman said banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates canada goose uk black friday.