News for 'Ministry of Company Affairs'

Sterlite gets access to Thoothukudi plant for upkeep after 5 years

Sterlite gets access to Thoothukudi plant for upkeep after 5 years

Rediff.com3 Jun 2023

The maintenance work will include operations such as removal of remaining gypsum and leachate handling operations among others. Based on this, the district administration has now allowed the firm to maintain the plant after five years.

G7's oil price cap: Russia offers to help India find a way out

G7's oil price cap: Russia offers to help India find a way out

Rediff.com12 Dec 2022

Russia has welcomed India's decision to not support the price cap on Russian oil announced by G7 and its allies and offered it cooperation on leasing and building large-capacity ships to overcome the ban on insurance services and tanker chartering in the European Union and Britain to continue buying discounted oil. The offer came as Russian Deputy Prime Minister Alexander Novak held a meeting with the Indian Ambassador to Moscow, Pavan Kapoor, on Friday. "The Deputy Prime Minister welcomed India's decision not to support the price cap on Russian oil, which was imposed on December 5 by the G7 countries and their allies," the Russian foreign ministry said in a statement.

IDBI Bank financial bids expected by June

IDBI Bank financial bids expected by June

Rediff.com6 Apr 2023

The government and Life Insurance Corporation's (LIC's) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the know. They added that considering the progress of the ongoing deal, financial bids are expected to come in by June this year. The proposed IDBI Bank stake sale is divided into two sequential stages.

Parliament passes Companies Bill; Pilot terms it 'historic'

Parliament passes Companies Bill; Pilot terms it 'historic'

Rediff.com8 Aug 2013

It makes it mandatory for companies to spend on social welfare and seeks to bring in greater transparency.

Govt to review executive salaries at companies

Govt to review executive salaries at companies

Rediff.com18 Jun 2013

The government is looking to review the guidelines governing executive pay practices at the companies to bring them in tune with the changing times in terms of the economic advances in the country.

Home ministry refuses to share report on Muzaffarnagar riots

Home ministry refuses to share report on Muzaffarnagar riots

Rediff.com2 Jan 2014

The Centre has refused to share copies of reports sent to it by the Uttar Pradesh governor and the government on Muzaffarnagar communal violence, saying it would impede probe, apprehension and prosecution of offenders.

Is The Tide Changing For Byju's?

Is The Tide Changing For Byju's?

Rediff.com3 Aug 2023

'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'

Directors' pay out of govt grip

Directors' pay out of govt grip

Rediff.com18 Oct 2005

'Brand Stalin' Shows Annamalai His Place

'Brand Stalin' Shows Annamalai His Place

Rediff.com11 Jun 2024

If Tamil Nadu voters preferred the DMK combine, it owed to the Modi-Annamalai combo's ideological battle which often crossed the line of political decency and also challenged 'Tamil pride', argues N Sathiya Moorthy.

CBI files corruption case against Rolls-Royce in Hawk jet trainer deal

CBI files corruption case against Rolls-Royce in Hawk jet trainer deal

Rediff.com29 May 2023

The CBI had registered a preliminary enquiry in 2016 which was later converted into a regular case, they added.

Unclaimed Shares, Dividends? Read This!

Unclaimed Shares, Dividends? Read This!

Rediff.com23 Mar 2023

I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.

Action soon against CAs incorporating Chinese shell cos

Action soon against CAs incorporating Chinese shell cos

Rediff.com20 Sep 2022

ICAI on Tuesday said it is setting up a fast-track cell to deal with cases against chartered accountants involved in incorporating shell companies in India with Chinese links and it would aim to dispose them of by the end of the year. Those found guilty can face a lifetime ban, among other actions. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated.

10 Indians stuck, 1 missing in quake-hit Turkey: Govt

10 Indians stuck, 1 missing in quake-hit Turkey: Govt

Rediff.com8 Feb 2023

India has already sent relief materials to Turkiye in four military transport aircraft.

Sebi steps up l'affaire Mallya probe; to seek overseas help

Sebi steps up l'affaire Mallya probe; to seek overseas help

Rediff.com10 Jul 2016

Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines

ED summons Maha NCP chief in IL&FS money laundering case

ED summons Maha NCP chief in IL&FS money laundering case

Rediff.com11 May 2023

The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.

Boards may get more elbow room

Boards may get more elbow room

Rediff.com23 Mar 2005

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman

Rediff.com29 Nov 2022

The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.

Trusts, societies have to register with MCA by April 1

Trusts, societies have to register with MCA by April 1

Rediff.com23 Jan 2021

Corporate social responsibility rules that kicked in on Friday also set a three year time-limit for any CSR project, among a series of other amendments introduced by the government.

Audit firms may face action for wrong-doing

Audit firms may face action for wrong-doing

Rediff.com24 Aug 2009

The ministry of company affairs (MCA) intends to insert a clause in the Companies Act that will make audit firms also liable to prosecution as against the existing provisions that limits penal action only to chartered accountants.

Over 100,000 shell firm directors disqualified for five years

Over 100,000 shell firm directors disqualified for five years

Rediff.com13 Sep 2017

26 chartered accountants associated with such shell companies have also been identified

ICAI told to reserve seats

ICAI told to reserve seats

Rediff.com21 Jul 2004

Indrani quit most of her companies by mid-2011

Indrani quit most of her companies by mid-2011

Rediff.com28 Aug 2015

Her corporate footprint is fading fast.

Consumer cells may be mandatory soon

Consumer cells may be mandatory soon

Rediff.com15 Jul 2005

In order to check the ever-increasing cases in consumer courts, the government is toying with the idea of making it mandatory for all companies to have consumer grievance redressal systems in place.

It's not a done deal yet on Rafale-M jets, Scorpene submarines

It's not a done deal yet on Rafale-M jets, Scorpene submarines

Rediff.com18 Jul 2023

The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.

Republic Day chief guest Egyptian Prez El-Sisi arrives in India

Republic Day chief guest Egyptian Prez El-Sisi arrives in India

Rediff.com24 Jan 2023

The 68-year-old influential Arab leader will grace the Republic Day celebrations on January 26. Sisi is accompanied by a high-level delegation.

Hit by leaks, wary finance ministry blocks non-government sites

Hit by leaks, wary finance ministry blocks non-government sites

Rediff.com19 Mar 2015

The ban has been in force since last Friday.

Zelenskyy writes to Modi; seeks aid, medical supply

Zelenskyy writes to Modi; seeks aid, medical supply

Rediff.com12 Apr 2023

Ukraine's First Deputy Foreign Minister Emine Dzhaparova has conveyed to her Indian interlocutors Kyiv's desire to build a stronger and closer relationship with New Delhi.

Audit lessons to learn from Satyam

Audit lessons to learn from Satyam

Rediff.com31 Jan 2009

Joint audits and inspections by the ICAI/DCA are critical if the system has to work.

Govt sends notices to all IPL franchisees

Govt sends notices to all IPL franchisees

Rediff.com8 May 2010

The Ministry of Company Affairs (MCA) has sent notices to all Indian Premier League franchisees, both old and new, asking them to furnish detailed company-related information.

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

Rediff.com13 Jun 2023

Anil Agarwal-led Vedanta's Sterlite Copper on Monday came out with an advertisement inviting expression of interest (EoI) for carrying out plant "restart activities" at its Thoothukudi unit in Tamil Nadu, that got closed more than five years ago following an order issued by the Tamil Nadu Pollution Control Board (TNPCB). The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work. "We have initiated the upkeep and maintenance activities at the plant as allowed by the Supreme Court vide its order dated May 4, 2023, in coordination with the district authorities.

India Moves From China to Taiwan For High-Tech Imports

India Moves From China to Taiwan For High-Tech Imports

Rediff.com18 Apr 2023

India's overall imports from Taiwan during April-February rose by 34 per cent to $7.5 billion.

Home ministry trying to destroy process: SC raps Centre on NRC

Home ministry trying to destroy process: SC raps Centre on NRC

Rediff.com5 Feb 2019

Reiterating that the July 31 deadline for the completion of NRC exercise will not be extended, a bench headed by Chief Justice Ranjan Gogoi said the Centre is not cooperating in the NRC process and it seems the entire effort of the MHA is to destroy the NRC process.

Less time in the dock for India Inc

Less time in the dock for India Inc

Rediff.com14 Aug 2006

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

Rediff.com2 May 2022

Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.

'India can secure release of naval officers'

'India can secure release of naval officers'

Rediff.com2 Nov 2023

'There is a view that there is a Pakistan angle to this.' 'Pakistan has a large presence in Qatar and would want India to be blacklisted.'

Why RBI Is Worried About The Rise In Personal Loans

Why RBI Is Worried About The Rise In Personal Loans

Rediff.com28 Nov 2023

In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.

IBP to finally merge with IOC

IBP to finally merge with IOC

Rediff.com30 May 2006

Indian Oil Corporation Ltd has received shareholders approval for merging its subsidiary, IBP Co Ltd with itself.

Task force vets Irani report

Task force vets Irani report

Rediff.com6 Jun 2005

MHA wants to know why additional troops needed in Bengal

MHA wants to know why additional troops needed in Bengal

Rediff.com26 Jun 2023

The ministry of home affairs (MHA) on Monday sent a letter to the West Bengal State Election Commission (SEC) seeking details of the need for additional 485 companies of central forces, for which it has sent a requisition, an official said.