News for 'Ministry of Company Affairs'

146 Indian crew members stuck on cruise to disembark in Mumbai

146 Indian crew members stuck on cruise to disembark in Mumbai

Rediff.com22 Apr 2020

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.

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.

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

Rediff.com1 Jun 2021

Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.

Infosys faces another lawsuit in US

Infosys faces another lawsuit in US

Rediff.com12 Dec 2019

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.

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.

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.

How tech helps Mumbai fight Covid second wave

How tech helps Mumbai fight Covid second wave

Rediff.com9 Jun 2021

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.

Modi to meet 15 global funds as India seeks investment to lift economy

Modi to meet 15 global funds as India seeks investment to lift economy

Rediff.com22 Oct 2020

The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.

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

60% power supply restored in J-K: LG

60% power supply restored in J-K: LG

Rediff.com20 Dec 2021

The UT has been facing a widespread power shutdown Since Sunday owing to a deadlock between the Power Development Department (PDD) employees and the administration over the latter's bid to privatise electricity in the region.

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

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.

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.

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.

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

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.

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.

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

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.

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

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.