News for 'Ministry of Company Affairs'

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Rediff.com5 May 2022

Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.

After 12 years, RBI set to modify fit-and-proper norms for bank directors

After 12 years, RBI set to modify fit-and-proper norms for bank directors

Rediff.com30 Jul 2019

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.

Modi prefers total control in his hands

Modi prefers total control in his hands

Rediff.com5 Jun 2019

'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.

Hydroxychloroquine exports only to foreign govts, not pvt cos

Hydroxychloroquine exports only to foreign govts, not pvt cos

Rediff.com10 Apr 2020

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.

Why TCS is upset with the MEA

Why TCS is upset with the MEA

Rediff.com21 Jun 2018

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

Pfizer, Moderna won't sell Covid vaccines to Delhi: CM

Pfizer, Moderna won't sell Covid vaccines to Delhi: CM

Rediff.com24 May 2021

Pfizer and Moderna said they won't give us vaccine and will directly talk to the Centre," Kejriwal told reporters.

Maruti counters unfair trade practices charges

Maruti counters unfair trade practices charges

Rediff.com10 Oct 2014

Practice of opening bookings for cars prior to launch has been followed by several companies over many years in India.

Govt issues new norms on hiring relatives

Govt issues new norms on hiring relatives

Rediff.com11 Apr 2011

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.

SC gives Voda, Airtel, Tata Tele 10 years to pay AGR dues

SC gives Voda, Airtel, Tata Tele 10 years to pay AGR dues

Rediff.com1 Sep 2020

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.

Centre set to seek Rs 426 cr in damages from Nestl

Centre set to seek Rs 426 cr in damages from Nestl

Rediff.com11 Aug 2015

The complaint is against Nestle's 'unfair trade practices'.

MEA asks citizens to avoid Iraq travel; DGCA cautions airlines

MEA asks citizens to avoid Iraq travel; DGCA cautions airlines

Rediff.com8 Jan 2020

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.

IL&FS case: Reserve Bank, NCLAT spat comes to the fore

IL&FS case: Reserve Bank, NCLAT spat comes to the fore

Rediff.com19 Mar 2019

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

Task force lens falls on India Inc's subsidiaries in tax havens

Task force lens falls on India Inc's subsidiaries in tax havens

Rediff.com17 Mar 2018

The task force has provided probe agencies with a list of attributes, including disproportionate investments, debt, advances or cash, to red-flag such firms.

E-commerce rules to get stricter; flash sales may soon be history

E-commerce rules to get stricter; flash sales may soon be history

Rediff.com21 Jun 2021

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.

Angry directors mull legal action as Aadhaar is made mandatory

Angry directors mull legal action as Aadhaar is made mandatory

Rediff.com8 Aug 2018

The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements

No evidence to confirm whistleblowers' claims: Infosys

No evidence to confirm whistleblowers' claims: Infosys

Rediff.com4 Nov 2019

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.

Unlock 4: Religious, sports events allowed from Sep 21

Unlock 4: Religious, sports events allowed from Sep 21

Rediff.com30 Aug 2020

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.

Have not abandoned Afghans: Indian envoy

Have not abandoned Afghans: Indian envoy

Rediff.com17 Aug 2021

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.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

MSMEs need help again but not the way govt did last time

MSMEs need help again but not the way govt did last time

Rediff.com10 May 2021

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.

Beware, your office may be classified as a shell firm!

Beware, your office may be classified as a shell firm!

Rediff.com31 Aug 2018

The government has already struck off 226,000 companies from the register for not filing statutory returns

Meet Subhash C Garg, the new DEA secretary

Meet Subhash C Garg, the new DEA secretary

Rediff.com23 Jun 2017

DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray

8 special courts likely to hear insolvency cases

8 special courts likely to hear insolvency cases

Rediff.com13 Aug 2018

These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad

Sitharaman takes stock of coronavirus impact on economy

Sitharaman takes stock of coronavirus impact on economy

Rediff.com21 Mar 2020

While the meetings on Friday were preliminary discussions, it is learnt that sectors like tourism; hospitality; aviation; micro, small and medium enterprises (MSMEs); and livestock have sought deferring loan repayments and temporary tax holidays in specific cases to help them tide over the steep fall in economic activity.

'Arrest Chitra, find others involved in NSE scam'

'Arrest Chitra, find others involved in NSE scam'

Rediff.com22 Feb 2022

'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?'

Crackdown on shell cos: 4.5 lakh directors may face axe

Crackdown on shell cos: 4.5 lakh directors may face axe

Rediff.com5 Oct 2017

The exercise of striking off dormant companies and disqualifying directors is in furtherance of ease of doing business and will be good for genuine corporate

Lumbini as backdrop for Modi-Deuba meet, India-Nepal sign 6 MoUs

Lumbini as backdrop for Modi-Deuba meet, India-Nepal sign 6 MoUs

Rediff.com16 May 2022

Modi and Deuba discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.

SFIO probes alleged irregularities at Reebok: Govt

SFIO probes alleged irregularities at Reebok: Govt

Rediff.com6 Sep 2012

Minister of State for Corporate Affairs R P N Singh informed the Lok Sabha that the ministry has initiated an investigation into alleged irregularities at Reebok India.

India Inc had a roller coaster ride in 2014

India Inc had a roller coaster ride in 2014

Rediff.com26 Dec 2014

India Inc had few tough issues to deal with in 2014.

Govt sends notice to Amazon, Flipkart for not showing country of origin

Govt sends notice to Amazon, Flipkart for not showing country of origin

Rediff.com17 Oct 2020

Not displaying the mandatory information, including country of origin, on products sold on their platforms in India, draws government's attention.

Panel says Big 4 auditing firms are not 'multinationals'

Panel says Big 4 auditing firms are not 'multinationals'

Rediff.com12 Nov 2018

'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.

Sebi diktat on splitting chairman, MD/CEO roles

Sebi diktat on splitting chairman, MD/CEO roles

Rediff.com6 Apr 2021

Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.

Over 10% of net profit to directors? Approval needed

Over 10% of net profit to directors? Approval needed

Rediff.com27 Aug 2012

The Companies Act prescribes ceilings on the remuneration of CEOs

At PM's request, Saudi Crown Prince orders release of 850 Indian prisoners

At PM's request, Saudi Crown Prince orders release of 850 Indian prisoners

Rediff.com21 Feb 2019

After the talks, it was also announced that India has decided to extend e-Visa facility to Saudi nationals.

The many battles that Amazon is fighting in India

The many battles that Amazon is fighting in India

Rediff.com8 Jul 2021

Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.

Devi Shetty to be health minister?

Devi Shetty to be health minister?

Rediff.com24 May 2021

Among the other names tipped to make it to the Cabinet are Jyotiraditya Scindia, Sarbananda Sonowal, Baijayant Panda.

'They should have asked students to get out of Ukraine weeks ago'

'They should have asked students to get out of Ukraine weeks ago'

Rediff.com7 Mar 2022

'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.'

Govt to bring back 77 Indian labourers 'mistreated' in Sri Lanka

Govt to bring back 77 Indian labourers 'mistreated' in Sri Lanka

Rediff.com5 Jan 2015

The government has taken "serious note" of complaints against an Indian company, involved in alleged mistreatment of 77 Indian labourers in Sri Lanka, and directed its mission in Colombo to make immediate arrangements for their return.

SC rejects plea to stay sale of electoral bonds ahead of state polls

SC rejects plea to stay sale of electoral bonds ahead of state polls

Rediff.com26 Mar 2021

The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.

MCA to rope in Google, BSNL for investors' awareness

MCA to rope in Google, BSNL for investors' awareness

Rediff.com19 Mar 2013

Through messages via the BSNL network, the ministry plans to spread awareness among the public and ask people not to invest in suspicious companies.