Govt plans review of functioning of independent directors
Posted Date : 14-Jan-2018 , 04:31:28 pm | Posted By CASANSAAR
The government plans to carry out a comprehensive review of the functioning of independent directors, including analysing the reasons for their exit from the boards of companies, as part of efforts to strengthen the corporate governance framework.
The corporate affairs ministry, which is implemen...
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Companies Act |
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Govt is considering to establish Database of Independent Directors
Posted Date : 12-Jan-2018 , 08:49:02 am | Posted By CASANSAAR
The Union Minister of State for Ministry of Law, Justice and Corporate Affairs, Shri P.P. Chaudhary said that Independent Directors are watchpersons of Corporate entities. The MOS (Law, Justice and Corporate Affairs), Shri Chaudhary was delivering the Inaugural Address after inaugurating the two-day...
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Companies Act |
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Govt notifies the Companies (Amendment) Act, 2017
Posted Date : 09-Jan-2018 , 08:58:44 am | Posted By CASANSAAR
The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. A few provisions in the Amendmen...
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Companies Act |
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Govt allows action against 196 companies for CSR violations in FY 2014-15
Posted Date : 03-Jan-2018 , 09:32:05 am | Posted By CASANSAAR
The centre government has given a nod for a suitable action against 196 companies who failed to spend two per cent of their annual average net profit on corporate social responsibility in the 2014-15 fiscal. Total 5,870 companies had spent around Rs 9,553.7 crore during the 2014-15 fiscal, while the...
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Companies Act |
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Govt may provide relief for disqualified directors of Shell Companies
Posted Date : 20-Dec-2017 , 08:05:34 am | Posted By CASANSAAR
The ministry of corporate affairs, or MCA, will soon notify a scheme to provide relief to over 300,000 directors disqualified for associating with companies that failed to file their financial results, said two people with knowledge of the matter.
Non-compliant companies can apply for a pardon (o...
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Companies Act |
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Companies (Amendment) Bill, 2017 passed in Parliament
Posted Date : 20-Dec-2017 , 07:53:53 am | Posted By CASANSAAR
Parliament has passed the Companies (Amendment) Bill, 2017 with the Rajya Sabha adopting it today. The Lok Sabha had passed it earlier in the monsoon session. The bill seeks to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve ease of doi...
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Companies Act |
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Govt refers 18 Shell Companies to SFIO for probe
Posted Date : 22-Nov-2017 , 09:29:52 am | Posted By CASANSAAR
The government has referred 18 "shell companies" to the Serious Frauds Investigation Office (SFIO) for depositing and withdrawing large sums during demonetisation in what appeared to be entities that existed largely on paper. At the same time, the ministry of corporate affairs has ordered ...
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Companies Act |
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High Court notice to government over disqualification of shell companies' directors
Posted Date : 13-Oct-2017 , 08:10:00 am | Posted By CASANSAAR
The Delhi High Court has issued notice to the Ministry of Corporate Affairs and Registrar of Companies (RoC) on a petition challenging the disqualification of more than one lakh directors of shell companies.
The Ministry of Corporate Affairs, last month, identified 1,06,578 directors of she...
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Companies Act |
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List Of Disqualified Directors U/S 164(2) (A)
Posted Date : 07-Sep-2017 , 08:23:53 am | Posted By CASANSAAR
List Of Disqualified Directors U/S 164(2) (A)
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernakulam
RoC Goa
RoC Gwalior
...
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Companies Act |
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List Of Directors Associated With Struck Off Companies U/S 248
Posted Date : 07-Sep-2017 , 08:22:30 am | Posted By CASANSAAR
List Of Directors Associated With Struck Off Companies U/S 248
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernakulam
RoC Goa
...
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Companies Act |
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List Of Companies Struck-Off By RoCs (STK-7) U/S 248(5) – CA,13
Posted Date : 06-Sep-2017 , 09:50:52 pm | Posted By CASANSAAR
List Of Companies Struck-Off By RoCs (STK-7) U/S 248(5) – CA,13
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernak...
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Companies Act |
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0 | Hits : 2654
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LS clears bill to amend companies law
Posted Date : 27-Jul-2017 , 10:03:50 pm | Posted By CASANSAAR
The Lok Sabha today passed a bill to amend the companies law seeking to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve the ease of doing business in the country.
Piloting the Companies (Amendment) Bill, 2016, Minister of State for C...
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Companies Act |
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0 | Hits : 458
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Shell companies directors to face up to five-year disqualification
Posted Date : 05-Jun-2017 , 08:42:01 am | Posted By CASANSAAR
Directors of companies that have not been carrying out business for a long time are set to be disqualified from holding directorship in any registered firm for up to five years, as part of the government's intensified efforts against the black money menace.
Shell companies are dubious e...
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Companies Act |
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9 lakh registered companies not filing tax returns annually - Revenue Secretary
Posted Date : 01-May-2017 , 08:26:57 am | Posted By CASANSAAR
Close to nine lakh registered companies are not filing annual returns with the Ministry of Corporate Affairs (MCA) and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.
The MCA has sent notices to nearly 3 lakh unlisted companies asking them to deregist...
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Companies Act |
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Aadhaar to be soon compulsory for filings under Companies Act
Posted Date : 01-May-2017 , 08:20:05 am | Posted By CASANSAAR
The Government will soon make quoting of Aadhaar number compulsory for key managerial personnel and directors in regulatory filings under the Companies Act.
The move, primarily aimed at tackling the issue of bogus identities, comes at a time when authorities are bolstering measures to deal with t...
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Companies Act |
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ED conducts searches at 100 places in 16 states in crackdown on shell companies
Posted Date : 01-Apr-2017 , 05:39:12 pm | Posted By CASANSAAR
The Enforcement Directorate (ED) today launched one of its biggest crackdowns on shell companies across the country. It conducted searches at 100 locations in sixteen states as part of its country-wide operation against shell companies. Officials said, multiple teams of the agency today raided the p...
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Companies Act |
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0 | Hits : 666
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Cabinet clears amendments to Companies Act Advertisement
Posted Date : 01-Apr-2017 , 08:42:14 am | Posted By CASANSAAR
The Cabinet today approved amendments to the Companies Act, 2013, that seek to ease compliance requirements and certain other provisions.
A bill to amend the Act was introduced in the Lok Sabha by the government in March last year and then it was referred to the Standing Committee on Finance. The...
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Companies Act |
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0 | Hits : 480
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Insolvency and Bankruptcy Board of India notifies Corporate Voluntary Liquidation Process Regulations
Posted Date : 31-Mar-2017 , 07:59:10 pm | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 59, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016, has notified today the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2016. T...
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Companies Act |
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Govt to take Harsh Punitive action against shell cos
Posted Date : 11-Feb-2017 , 10:09:07 am | Posted By CASANSAAR
In a major crackdown on domestic shell companies, the government today decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Following a review by the Prime Minister's Office, a task force with members from regulator...
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Companies Act |
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0 | Hits : 820
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Cyrus Mistry moves National Company Law Tribunal against Tata Sons
Posted Date : 21-Dec-2016 , 08:44:26 am | Posted By CASANSAAR
A day after resigning from the boards of listed Tata group of companies, Cyrus Mistry on Tuesday filed a suit in the National Company Law Tribunal (NCLT) against Tata Sons for “oppression and mismanagement” in the Tata group holding company.
Mistry’s family-owned investment firm...
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Companies Act |
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Govt notifies constitution of National Company Law Tribunal
Posted Date : 02-Jun-2016 , 07:18:52 am | Posted By CASANSAAR
The government has constituted the National Company Law Tribunal (NCLT) which would help in expediting adjudication matters under the companies law.
The tribunal and its appellate authority are part of the Companies Act, 2013, whose many provisions came into effect from April 1, 2...
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Companies Act |
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Govt introduces bill to further amend Companies Act in Lok Sabha
Posted Date : 17-Mar-2016 , 08:07:46 am | Posted By CASANSAAR
The government on Wednesday introduced in the Lok Sabha a bill to further amend the Companies Act as part of efforts to address difficulties faced by stakeholders and improve the ease of doing business in the country.
Corporate Affairs Minister Arun Jaitley introduced the Companies (Amendment) ...
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Companies Act |
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Government Considering Amendments to Companies Act - FM
Posted Date : 08-Mar-2016 , 08:07:15 pm | Posted By CASANSAAR
To further improve ease of doing business, the government is considering amendments to the Companies Act, Corporate Affairs Minister Arun Jaitley on Tuesday said.
The Companies Law Committee, which submitted its report to the government on February 1, has suggested amendments to 78 sections of th...
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Companies Act |
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0 | Hits : 487
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Companies Law Committee Report on the issues arising out of implementation of the Companies Act, 2013
Posted Date : 01-Feb-2016 , 10:25:20 pm | Posted By CASANSAAR
The Companies Law Committee was constituted in June 2015 for examining and making recommendations on the issues arising out of implementation of the Companies Act, 2013. The Committee submitted its report to the Government today.
2. The Commit...
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Companies Act |
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0 | Hits : 850
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National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
Posted Date : 12-Dec-2015 , 08:52:30 am | Posted By CASANSAAR
The provisions of the Companies Act, 2013 regarding constitution of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) had been challenged in the Supreme Court and the matter was decided by the Hon’ble Court by judgment dated 14th May, 2015. The ...
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Companies Act |
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Independent Directors in PSUs
Posted Date : 03-Dec-2015 , 06:56:51 am | Posted By CASANSAAR
Section 149(4) of Companies Act, 2013 mandates appointment of independent directors by listed companies. Further, as per Rule 4 of Companies (Appointment and Qualifications of Directors) Rules, 2014 the following class of companies shall have atleast two independent directors:-
• the P...
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Companies Act |
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SIT asks MCA to take action against persons holding directorship in more 20 companies
Posted Date : 04-Nov-2015 , 08:37:16 am | Posted By CASANSAAR
Among others Special Investigation Team (SIT) calls for greater vigilance by law enforcement and intelligence agencies while examining the cases of persons holding Directorship in more than 20 Companies and where more than 20 companies are operating from the same address
The Speci...
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Companies Act |
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Six expert panels to review Companies Act 2013
Posted Date : 28-Oct-2015 , 08:18:56 am | Posted By CASANSAAR
The government is setting the ground for another overhaul of the Companies Act 2013 to make it easier for corporates to do business in the country, a senior government official said.
The corporate affairs ministry has formed six expert panels to work on more amendments to the Act on top of 16 ame...
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Companies Act |
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Government appointed panel calls for uniform tax in CSR activities
Posted Date : 07-Oct-2015 , 08:13:22 am | Posted By CASANSAAR
A high-level committee appointed by the government has recommended a uniform tax for all corporate social responsibility (CSR) activities carried out under the new Companies Act and also suggested lenient treatment of non-compliant firms during the first two to three months as companies have to stil...
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Companies Act |
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Companies need to provide PAN in annual returns: MCA
Posted Date : 30-Sep-2015 , 07:44:04 am | Posted By CASANSAAR
Corporates are now required to furnish Permanent Account Number (PAN) while submitting their annual returns to the government, a move that would help in sharing of information between different departments.
The Ministry of Corporate Affairs ( MCA), which is implementing the C...
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Companies Act |
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