He underlined that Lok Sabha election results in India show that the Modi government kept alive and strengthened the 'expectation of change' in the country.
With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
Under the Companies Act, 2013, auditors have the responsibility of reporting frauds, at entities being audited by them.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
One of the biggest lessons for cities fighting the Covid-19 pandemic has been the criticality of access to data. Mumbai, which has shown significant success in managing the second wave of the pandemic, is a case in point, reports Shivani Shinde.
Under the plan, the government has categorised IL&FS group companies into green, amber and red based on their respective financial positions.
A senior official said the provision was dropped in the Companies Bill 2009 but may find place in the revised Bill.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.
MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year
The ship- Marila Discovery- had reached Mumbai coast on April 14. None of them have tested positive for the infection, the CMO said in a statement.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Pfizer and Moderna said they won't give us vaccine and will directly talk to the Centre," Kejriwal told reporters.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
Deposit amount can equal investor's stake, won't impact his holding as it is a loan
The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are in violation of the December 3, 2018 order of the tribunal which had frozen these accounts.
If convicted, the offences entail a maximum punishment of seven years.
US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
The Centre on Monday proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 and sought public comments on banning mis-selling and fraudulent flash sale of goods and services on e-commerce platforms, and also on making registration of these entities mandatory with DPIIT. Ban on misleading users by manipulating search results, appointment of chief compliance officer and resident grievance officer are some of the other amendments being proposed. The Consumer Protection (E-Commerce) Rules, 2020 were first notified in July last year.
The Supreme Court on Tuesday granted 10-year time to telecom firms like Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the Adjusted Gross Revenue (AGR)-related dues to the department of telecommunications with certain conditions.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
In the last three financial years and in the current financial year till November 15, SFIO was asked to investigate 167 cases.
Modi and Deuba discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.
The MEA said Indian nationals residing in Iraq are advised to be alert and may avoid travel within Iraq. The DGCA asked airlines to take all precautions in airspace over Iran, Iraq, Gulf of Oman and waters of Persian Gulf.
An Indian Air Force plane with 120 people on-board, including Indian envoy Rudrendra Tandon, landed on Tuesday at the Jamnagar airbase in Gujarat from Kabul in Afghanistan.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
In a significant directive, the home ministry said that state governments shall not impose any local lockdown outside the containment zones without prior consultation with the central government.
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
Practice of opening bookings for cars prior to launch has been followed by several companies over many years in India.
On October 24, the NSE sought clarification from the IT major on the whistleblowers' allegations and why the company had not disclosed the same to the exchanges.
The task force has provided probe agencies with a list of attributes, including disproportionate investments, debt, advances or cash, to red-flag such firms.
'An ambassador may not be sure whether there would be a war next month, but prudence requires him to take action to see to it that people leave early.' 'Because once the war starts, it will be very difficult to move out.'
The complaint is against Nestle's 'unfair trade practices'.
Company will be required to seek the permission of the central Government if monthly payment made to relatives is more than Rs. 2,50,000.
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