News for 'Ministry of Company Affairs'

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.

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.

In Parl, Shah regrets Naga civilian killings; says probe underway

In Parl, Shah regrets Naga civilian killings; says probe underway

Rediff.com6 Dec 2021

The SIT has been constituted and has been directed to complete the probe within a month, Shah said.

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

Govt to buy another 4.5 crore doses of Covishield

Govt to buy another 4.5 crore doses of Covishield

Rediff.com12 Jan 2021

According to the purchase order placed on Monday, each dose of the vaccine has been priced at Rs 200 and with GST of Rs 10, it would cost Rs 210.

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

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

Sorabjee, Jethmalani, Salve: Tale Of Three Lawyers

Sorabjee, Jethmalani, Salve: Tale Of Three Lawyers

Rediff.com20 Jul 2022

Over the years, a noticeable unpleasantness began to develop between senior and junior, Sorabjee and Salve. Salve gave credit, for his rise in the profession, to Nani Palkhivala, and not to Sorabjee. This hurt Sorabjee, though he never admitted it.

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

The Indian Soldier Missing In Pakistan

The Indian Soldier Missing In Pakistan

Rediff.com14 Apr 2022

It is 25 years since Captain Sanjit Bhattacharjee went missing during a patrol on the India Pakistan border. Pakistan has never acknowledged his captivity.

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.

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.

Has COVID-19 soured India-China relations further?

Has COVID-19 soured India-China relations further?

Rediff.com23 Apr 2020

'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.

WhatsApp's new privacy policy challenged in Delhi HC

WhatsApp's new privacy policy challenged in Delhi HC

Rediff.com14 Jan 2021

The plea was filed by advocate Chaitanya Rohilla who stated that WhatsApp changed its privacy policy in "most arbitrary manner" and had made it compulsory for its users to accept its terms and conditions, failing which the accounts and services would be terminated after February 8, 2021 for the respective user.

Govt unveils draft e-commerce norms

Govt unveils draft e-commerce norms

Rediff.com5 Aug 2019

Among key guidelines, the e-commerce companies will also be required to ensure that personally identifiable information of customers are protected.

RIL's Rs 53,125 cr rights issue will be India's biggest equity fund raise

RIL's Rs 53,125 cr rights issue will be India's biggest equity fund raise

Rediff.com17 May 2020

The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.

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.

IL&FS case reveals what India's resolution mechanism is lacking

IL&FS case reveals what India's resolution mechanism is lacking

Rediff.com1 May 2021

The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.

National e-com policy to be announced within 12 months: Govt

National e-com policy to be announced within 12 months: Govt

Rediff.com26 Jun 2019

The government, in February, had released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.

Deloitte, too, refuses to offer non-audit services to clients

Deloitte, too, refuses to offer non-audit services to clients

Rediff.com17 Feb 2020

Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.

Infosys denies knowledge of any fresh complaint

Infosys denies knowledge of any fresh complaint

Rediff.com13 Dec 2019

Infosys pointed out that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.

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

India Inc fares badly in corporate social responsibility

India Inc fares badly in corporate social responsibility

Rediff.com19 Jul 2016

As many as 2,351 companies have not spent a single penny on corporate social responsibility.

Budget may open window for big-ticket foreign investments

Budget may open window for big-ticket foreign investments

Rediff.com26 Jan 2021

The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.

Reliance to hold its first-ever virtual AGM on July 15

Reliance to hold its first-ever virtual AGM on July 15

Rediff.com22 Jun 2020

In a regulatory filing, Reliance -- the country's most valuable company - said, 'The 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means.'

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.

What Sitharaman did after becoming the finance minister

What Sitharaman did after becoming the finance minister

Rediff.com3 Jun 2019

This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.

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.

Pak bans entry of Afghans having Indian visa on passport

Pak bans entry of Afghans having Indian visa on passport

Rediff.com30 Aug 2016

A number of documents indicate that Pakistan International Airline has put embargo on Afghan citizens who have travelled to India.

Shareholders' nod needed for related party transactions

Shareholders' nod needed for related party transactions

Rediff.com17 Aug 2014

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.

India, Pakistan, Taliban On Same Page?

India, Pakistan, Taliban On Same Page?

Rediff.com30 Nov 2021

Delhi has come to accept the Taliban takeover in Kabul as a reality and seems increasingly unsure of its dogmatic view of the Taliban as a mere proxy of the Pakistani military and security establishment, observes Ambassador M K Bhadrakumar.

SFIO given time till Dec to complete Saradha scam probe

SFIO given time till Dec to complete Saradha scam probe

Rediff.com24 Sep 2013

A special task force of the SFIO recently submitted an interim report to the Corporate Affairs Ministry in this regard.

My family can't influence FIPB: Chidambaram

My family can't influence FIPB: Chidambaram

Rediff.com29 May 2017

Chidambaram said it was a 'despicable slur' on the six secretaries of the government.

India Inc hails reboot bid, buckles up to deliver

India Inc hails reboot bid, buckles up to deliver

Rediff.com16 Apr 2020

While FMCG companies were not barred from carrying out their operations during the 21-day lockdown, since most manufacture staples and essential products, capacity utilisation remained poor, owing to the restricted movement of raw materials, finished goods, and labour.

Govt amends rules to allow IDR conversion into shares

Govt amends rules to allow IDR conversion into shares

Rediff.com8 Oct 2012

The amendment, notified by the Ministry of Corporate Affairs in the Companies (Issue of Indian Depository Receipts) Rules, have come into effect from October 1, as per a ministry notification.

Tatas are committed to make Air India a world-class airline: Chandra

Tatas are committed to make Air India a world-class airline: Chandra

Rediff.com27 Jan 2022

"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.

At current rate, all Indians will be vaccinated by Sept 2022

At current rate, all Indians will be vaccinated by Sept 2022

Rediff.com28 Jun 2021

865 million Indian adults require vaccination.

Sachin Pilot on how India can curb ponzi schemes

Sachin Pilot on how India can curb ponzi schemes

Rediff.com2 Jul 2013

According to him, there are enough laws but their implementation is important.

IPL GC agenda: Review of Chinese sponsorship deals and more...

IPL GC agenda: Review of Chinese sponsorship deals and more...

Rediff.com1 Aug 2020

The most important aspect will be the SOP that will be handed to the franchises for Monday's discussion where they can raise their concerns.