News for 'Ministry of Company Affairs'

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.

IOC Should Not DIE!

IOC Should Not DIE!

Rediff.com23 Aug 2021

If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Can't probe Speak Asia, says MCA

Can't probe Speak Asia, says MCA

Rediff.com9 Jun 2011

The Ministry of Corporate Affairs on Thursday said it cannot investigate alleged irregularities in multi-level marketing company Speak Asia as the company is not registered with it.

Deposit nominee Satyam directors' salaries in treasury: CLB

Deposit nominee Satyam directors' salaries in treasury: CLB

Rediff.com14 Oct 2011

The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the government after a multi-crore accounting fraud was exposed at the IT firm in the government treasury.

Full-time directors for Satyam in a week

Full-time directors for Satyam in a week

Rediff.com14 Jan 2009

The government is planning to nominate full-time directors while inducting the remaining seven members in the reconstituted board of Satyam Computer Services Ltd, said a top corporate affairs ministry official. The ministry of Corporate Affairs (MCA), which got an interim order from the Company Law Board to supersede the existing board of the Hyderabad-based company, is planning to make the announcement within a week to ensure smooth functioning at Satyam.

CBI probe against Teesta Setalvad's firm likely

CBI probe against Teesta Setalvad's firm likely

Rediff.com25 Jun 2015

The government may ask the Central Bureau of Investigation to probe the alleged transfer of funds by the Ford Foundation to activist Teesta Setalvad's Sabrang Communication and Publishing Pvt Limited.

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.'

Reliance Jio, Paytm apologise for using PM's photo in ads

Reliance Jio, Paytm apologise for using PM's photo in ads

Rediff.com10 Mar 2017

The ministry of consumer affairs had sent notices to both the companies under the Emblems and Names (Prevention of Improper Use) Act of 1950, which bars use of prime minister's name and picture for commercial use.

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.

Audit rotation to stay; time period to increase

Audit rotation to stay; time period to increase

Rediff.com22 Feb 2011

In the Companies Bill, the Ministry stipulates that no company can appoint or re-appoint an individual or a firm as auditor for more than five consecutive years.

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.

Amount of Reebok fraud appears inflated: SFIO

Amount of Reebok fraud appears inflated: SFIO

Rediff.com4 Jun 2012

Decision on probing the role of auditors will be taken after initial inquiry

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.

2G scam cases up for further investigation

2G scam cases up for further investigation

Rediff.com9 Feb 2011

The ministry of corporate affairs - under new minister Murli Deora - has reopened for further investigation the cases of two companies allegedly involved in the unravelling 2G scam. A senior official said that the ministry was currently probing Swan Telecom and Loop Telecom.

US SEC to seek Sebi's cooperation 'crack' Infosys case

US SEC to seek Sebi's cooperation 'crack' Infosys case

Rediff.com25 Oct 2019

Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.

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.

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.

Whistleblower's complaints against Infosys co-founders appalling: Nilekani

Whistleblower's complaints against Infosys co-founders appalling: Nilekani

Rediff.com6 Nov 2019

Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.

Five tyre firms operated as cartel, finds CCI probe

Five tyre firms operated as cartel, finds CCI probe

Rediff.com5 Mar 2016

Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report

7.75% bonds will open for subscription on Jan 10

7.75% bonds will open for subscription on Jan 10

Rediff.com4 Jan 2018

"7.75 per cent savings bonds scheme notified. Would replace 8 per cent scheme. Will be effective from 10th January. This sequenced notifications and gap of a week was necessary to avoid overlap in cheques realisations," Economic Affairs Secretary S C Garg said in a tweet.

How this AI-based system can be a big help for India Inc

How this AI-based system can be a big help for India Inc

Rediff.com18 Nov 2019

The CMS allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process.

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.

India Inc told to disclose details of junked notes

India Inc told to disclose details of junked notes

Rediff.com3 Apr 2017

Besides, auditors are required to mention in their reports whether the companies have made adequate disclosures about dealings in junked notes during demonetisation

18 Indians aboard British-flagged oil tanker seized by Iran

18 Indians aboard British-flagged oil tanker seized by Iran

Rediff.com20 Jul 2019

Iran's seizure of a British-flagged oil tanker was allegedly due to a collision with an Iranian fishing boat, Iran's official news agency IRNA said.