Company Secretary clarifies on his e-mail for 2 firms
Posted Date : 15-May-2012 , 08:49:34 am | Posted By CASANSAAR
A Company Secretary here has clarified that he had filed returns of two companies, over which questions were raised in Parliament, to the Registrar of Companies under his e-mail id for his administrative convenience.
“I am a qualified practising Company Secretary. As a practising Company Se...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1235
|
 |
Integration of LLP System into MCA-21
Posted Date : 15-May-2012 , 08:47:12 am | Posted By CASANSAAR
Draft of notice to be displayed on LLP website
Ministry of Corporate Affairs
NOTICE
1. The Ministry is in process of integration of LLP system into MCA-21 in the month of june 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for be...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 916
|
|
18 bluechip PSUs lacks required number of independent directors: CAG
Posted Date : 11-May-2012 , 07:26:18 am | Posted By CASANSAAR
Eighteen state-run firms, including bluechips like ONGC, IOC, OIL and GAIL, did not have the required number of independent directors on their board in 2010-11 fiscal, a CAG report said. Of the 466 Central Public Sector Enterprises (CPSEs) audited by the CAG during 2010-11, 18 companies did not...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 828
|
|
Competition Commission of India (CCI) constitutes an Eminent Persons Advisory Group (EPAG)
Posted Date : 09-May-2012 , 08:39:21 am | Posted By CASANSAAR
The Competition Commission of India (CCI) has constituted an Eminent Persons Advisory Group (EPAG). This will serve as a group of ‘wise persons’ to give broad inputs and advice on larger issues impacting markets and competition, good international practices, improved advocacy etc. to t...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 756
|
|
MCA set up a Committee for Future Implementation of XBRL
Posted Date : 05-May-2012 , 08:02:52 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has set up a Committee to develop the roadmap for future implementation of Extensible Business Reporting Language (XBRL). This Committee comprises of XBRL experts and representatives fromthe corporate sector as well as the Institute of Chartered Ac...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 772
|
|
Prosecution filed against Sesa Goa for violation of Cos Act
Posted Date : 04-May-2012 , 07:59:51 am | Posted By CASANSAAR
The government Thursday informed Parliament that it has initiated prosecution proceedings against Vedanta Resources-owned Sesa Goa for violation of certain provisions of the Companies Act."Based on the recommendation made by SFIO in its investigation report, prosecutions under Sections 147 and 395 o...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 683
|
|
Parliament likely to take up new Companies Bill this session, says Veerappa Moily
Posted Date : 24-Apr-2012 , 08:05:50 am | Posted By CASANSAAR
The much-awaited Companies Bill 2011 is likely to be taken up in this parliamentary session, said Union minister for corporate affairs M Veerappa Moily. The new Companies Bill, which will replace a half-a-century-old Act, has made provisions for class action suit and corporate social resp...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 862
|
|
FIPB asks Ministry of Corporate Affairs to clarify its stance on LLP Act
Posted Date : 19-Apr-2012 , 02:45:43 pm | Posted By CASANSAAR
After deferring approvals to several companies with foreign direct investment looking to convert to limited liability partnerships, FIPB has asked the Ministry of Corporate Affairs (MCA) and theDepartment of Industrial Policy and Promotion to clarify their stance and if needed ame...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 838
|
|
Interests of Investers Needs Protection-Dr. M.Veerappa Moily
Posted Date : 17-Apr-2012 , 10:35:20 pm | Posted By CASANSAAR
Union Corporate affairs Minister Dr. M. Veerappa Moily today held a meeting here in New Delhi with the representatives of leading trade & business chambers, professional institutes under the Ministry of Corporate Affairs, SEBI and RBI to workout the modalities of implementation of conclusions em...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 843
|
|
PM expects new companies Bill to be passed soon
Posted Date : 14-Apr-2012 , 08:14:42 am | Posted By CASANSAAR
Prime Minister Manmohan Singh on Friday said a new Companies Bill, aimed at addressing crucial issues of corporate governance, would be passed soon. “The Companies Bill, presently under consideration of our Parliament, seeks to provide a further fillip to the cause of corporate social respon...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 861
|
|
CLB refers Unitech, Uninor dispute to arbitration
Posted Date : 12-Apr-2012 , 06:21:58 pm | Posted By CASANSAAR
In a set back to Norwegian firm Telenor, the Company Law Board on Thursday allowed its estranged partner Unitech’s plea for settling dispute over control and transfer of assets of their joint venture Uninor through arbitration at Singapore.
Observing that Telenor had gone “berserk&rdq...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 771
|
|
Constitution of a Committee on Corporate Governance
Posted Date : 11-Apr-2012 , 07:32:43 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 665
|
|
188 Co's default on financial commitments in FY12: Crisil
Posted Date : 03-Apr-2012 , 08:13:36 pm | Posted By CASANSAAR
Against the backdrop of sluggish economic conditions and high interest rate, close to 200 companies defaulted on their financial commitments in the last fiscal, according to a report by Crisil.
"Credit quality pressures have intensified for India's corporates in 2011-12. Instances of defa...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 810
|
|
XBRL Implementation
Posted Date : 26-Mar-2012 , 08:04:44 pm | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabhathat the Ministry has set up a committee in November 2011 comprising of XBRL experts and representatives from the corporate sector as well as the Institute of Charter...
Continue Reading...
Category :
Corporate Law |
Comments :
1 | Hits : 1222
|
|
Regulation of Foreign Chartered Accountant Firms
Posted Date : 26-Mar-2012 , 07:59:56 pm | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Indian Chartered Accountant (CA) firms are regulated by the Institute of Chartered Accountants of India (ICAI) in terms of provisions of the Chartered Accountants Act, 1949 and the Ru...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 953
|
|
Number of companies, which have not submitted their Annual Returns and Balance Sheets during the last three years
Posted Date : 23-Mar-2012 , 08:08:52 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the LokSabha that it is mandatory, under the Companies Act, 1956 for all companies to submit Annual Returns, Balance Sheet etc to the Government.
&n...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 919
|
|
Tech Mahindra, Mahindra Satyam boards approve merger at swap ratio of 2:17
Posted Date : 21-Mar-2012 , 04:54:04 pm | Posted By CASANSAAR
The boards of Satyam Computer Services Ltd and Tech Mahindra Ltd, IT services providers of the Mahindra group, approved the merger of two companies, according to TV reports. The exchange ratio for the merger was pegged at 2:17 ratio i.e. 2 shares of Tech Mahindra will be given for 17 shares of ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1016
|
|
Setting Up of NCLT and NCLA
Posted Date : 19-Mar-2012 , 10:04:50 pm | Posted By CASANSAAR
The Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). Provisions have been incorporated in the Companies Bill, 2011 which has been introduced in the Lok Sabha on 14.12.2011. The establishment of NCLT and NCLAT as specialized ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 972
|
|
CCI highlights the competition issues in public procurement
Posted Date : 19-Mar-2012 , 03:51:55 pm | Posted By CASANSAAR
Under the competition advocacy initiatives, the Competition Commission of India has been organizing meetings, seminars, workshops etc. with the various stake holders to spread awareness about the Competition Law and the Commission. As part of this initiative CCI organized a workshop on the topi...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 764
|
|
Women presence rising on companies' boards: Study
Posted Date : 14-Mar-2012 , 08:13:07 am | Posted By CASANSAAR
In an indication of growing women presence in the corporate corridors, an average of nine out of every ten large companies have now got at least one female director, a study said today. As per an annual study of women presence on the company boards, 89 out of the top 100 companies in the UK have ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 668
|
|
Company Law Board asks Unitech to buy out Telenor's stake or exit JV
Posted Date : 14-Mar-2012 , 07:56:21 am | Posted By CASANSAAR
The Company Law Board, a quasi-judicial body that rules on corporate matters, on Tuesday directed Unitech Wireless to decide by March 19 if it wants to buy out the 67.25% stake held by Norway's Telenor, or exit their joint venture. "You (Unitech) are given priority, whether you want to buy or se...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 664
|
|
Time for filing form DIN-4 by DIN holders for furnishing PAN and to update PAN details extended
Posted Date : 10-Mar-2012 , 07:58:41 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has extended the time for filing form DIN-4 by DIN holders for furnishing PAN and to update PAN details upto 30.04.2012 for the Allotment of Director’s Identification Number (DIN) under Companies Act, 1956. Earlier this date was extended on 15/12/2011. Al...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 903
|
|
Role-Check for the Digital Signatures (DSCS) belonging to Authorized Signatories of Banks/FIs
Posted Date : 07-Mar-2012 , 06:23:52 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has requested all Banks and Financial Institutions to follow the role-check process devised and published for the digital signatures (DSCs) belonging to authorized signatories of Banks/FIsrecently in its e-Governance project MCA21. In a circular issued recently by t...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 758
|
|
Filing of Conflicting Returns by Contesting Parties
Posted Date : 07-Mar-2012 , 07:56:37 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has clarified that Circular No. 19 and 20 of 2011 issued on 02.05.2011 that were issued for laying down certain procedure to regulate cases wherein filing of conflicting returns with regard to appointment of Directors or change of Director/Directors have now been su...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 772
|
|
Registration of companies or LLPS which have one of their objects is to carry on the profession of chartered accountant, cost accountant, architect, company secretary etc.
Posted Date : 06-Mar-2012 , 07:46:44 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has clarified that at the time of incorporation of companies where one of the objects is to carry on the business of Banking, Insurance or to practice the profession of Chartered Accountancy, Cost Accountancy & Company Secretaries, then the concerned Registrar o...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 803
|
|
MCA orders of inspection of DLF books under Section 209 of the Companies Act.
Posted Date : 02-Mar-2012 , 08:12:38 am | Posted By CASANSAAR
The Corporate Affairs Ministry has ordered inspection into the books of accounts of realty major DLF in view of complaints received from investors regarding company's accounts."We have ordered the Regional Director (North) to carry out inspection under Section 209 of the Companies Act. There were se...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 916
|
|
Telenor-Unitech battle turns ugly, both move to CLB
Posted Date : 28-Feb-2012 , 07:56:35 am | Posted By CASANSAAR
Norwegian firm Telenor and its Indian partner Unitech have moved the Company Law Board (CLB) separately, trading charges against each other over control of their joint venture, Uninor.While Telenor said it wants to prevent any "wrongful obstruction" of its effort to secure its investments in the cou...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 690
|
|
Govt to cover exempt sectors in second phase of XBRL roll-out
Posted Date : 20-Feb-2012 , 08:39:00 am | Posted By CASANSAAR
Banks, non-banking financial companies (NBFCs), insurers and power utilities will be brought under the ambit of eXtensible Business Reporting Language (XBRL), a digital format for filing financial statements, in the second phase of its roll-out in India.
The sectors were exempted from fil...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 825
|
|
National Competition Policy to be launched on March 31: Moily
Posted Date : 13-Feb-2012 , 09:01:15 am | Posted By CASANSAAR
Speaking at a conference on investor awareness and corporate governance organised by the Udupi unit of Chartered Accountants of India at MGM College on Sunday, he said the policy would provide a conducive atmosphere for the investors and would generate employment. He said India would emerge as ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 665
|
|
Sebi seeks external consultant for overhaul of role
Posted Date : 06-Feb-2012 , 08:36:13 am | Posted By CASANSAAR
The Corporate Affairs Ministry is unlikely to yield to pressure from some political parties to make 2 per cent CSR spending mandatory for corporates under the new Companies Bill, which is currently being scrutinised by a parliamentary committee. The MCA is expected to communicate its stand to the...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 694
|
|
|
