In the second phase of action against shell companies, the MCA is also trying to trace the directors of 'vanishing' companies
Exchanges will have to facilitate a more direct interface between clients and the clearing corporation, bypassing intermediaries such as brokers, under this new proposed framework.
The company said that the scheme of amalgamation has been approved by the Gujarat High Court and the merger has been effective from October 22.
With media reports alleging dubious funding for companies run by BJP chief Nitin Gadkari, the government on Tuesday said it will inquire into the issue, a stand BJP attacked as being "selective".
Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.
Ministry has ordered a closer scrutiny into the affairs of six companies that were covered in the report.
Earnings primarily from dividends received from group firms and sale of shares.
Sources said that RoC Hyderabad submitted its report on Monday night to minister of corporate affairs Prem Chand Gupta and this report would be the basis for handing over the case to the Serious Fraud Investigation Office. The SFIO is already assisting the RoC in the probe, but is being formally handed over the investigations.
Three Indian companies registered with the Registrar of Companies use the same brand name.
Wal-Mart and other retailers lobbied for years to gain access to India's market, lured by the promise of a middle class that will one day rival China's.
The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
Actor Shahrukh Khan and his wife Gauri, who promote IPL franchise Kolkata Kinght Riders, and Jaipur IPL Cricket that promotes Rajasthan Royals have been issued show-cause notices for alleged violation of the Companies Act.
Banks are auctioning 2,362 properties in next 30 days. The foremost benefit of purchasing a property in a bank auction is that you could get it at a significant discount to the market rate.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
It started commercial operations as a full service carrier on January 9.
About 1.92-lakh companies have not filed their balance sheet in India as on July 31 and out of this, 37,667 companies are from the country's financial capital - Mumbai.
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
The Supreme Court on Thursday warned the Sahara Group to reveal source of Rs 22,885 crore (Rs 228.85 billion) which it claimed to have refunded its investors or be ready to face inquiry by CBI and Registrar of Companies.
ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.
In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.
India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore (Rs 7.5 billion) initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.
A non-executive director typically does not engage in the day-to-day management of the organisation
The notice was isued on a novelist's plea who accused the makers of the movie of plagiarising certain portions from his Hindi book Farishta.
Prime Minister Raja Pervez Ashraf faces possible disqualification in Pakistan's upcoming polls as a company co-owned by him has been declared a defaulter by authorities, according to a media report.
Net 4 India has been appointed registrar for '.IN' domain names by the National Internet Exchange of India.
The company is also in the process of introducing a new global brand identity in London next month.
While the company did not reveal its profit or loss for the period, according to its fillings, food and beverages was the largest category - accounting for 62.23 per cent or Rs 5,184 crore of its total sales.
In March, the Registrar of Companies, Uttar Pradesh and Uttarakhand, based in Kanpur, sent a notice to Sahara India Real Estate Corp for using a third party's bank accounts to receive funds from investors.
To outsource work; priority on actively-traded, listed companies.
The Bombay high court has sanctioned the scheme of amalgamation of RPL with Reliance Industries, Mukesh Ambani-led company said in a filing to the Bombay Stock Exchange.
A crackdown on shell companies, increased regulatory compliance and failure of companies to avail bank credit, and defaulting on loans are some of the reasons cited by accounting professionals for the closure of such a large number of companies
