BharatPe Faces Government Inquiry Amidst Legal Turmoil
The notice also queries findings from a status report submitted by the Delhi Police's Economic Offences Wing.
Feb 07, 2024, 14:40 PM IST
Govt amends rules making physical verification for registered company's address transparent; Check details here
The ministry of Corporate affairs has amended the rules of company’s address verification in the companies act, 2014. The new rules has come to effect with the gazette notification.
Aug 20, 2022, 16:05 PM IST
PNB receives Rs 24 crore from US bankruptcy proceedings of 3 Nirav Modi-promoted companies: MCA
The Ministry of Corporate Affairs (MCA) on Tuesday said that the Punjab National Bank has received Rs 24.33 crore (equivalent to $3.25 million) as the first tranche of recoveries from bankruptcy proceedings of three Nirav Modi-promoted companies in the US.
Aug 26, 2020, 00:56 AM IST
Govt allows companies to hold AGMs through Video Conferencing or OAVM
Companies are required to hold their AGMs within six months from the end of a financial year.
May 06, 2020, 10:24 AM IST
Government orders probe into alleged mismanagement of funds by Jet Airways
The Ministry of Corporate Affairs has ordered Serious Fraud Investigation Office (SFIO) to carry out the investigation, a government order seen by Reuters showed.
Jul 04, 2019, 23:04 PM IST
NCLAT stays proceedings against IL&FS, group companies
A two-member NCLAT bench headed by Justice S J Mukhopadhaya has asked the top five lenders of IL&FS to submit their replies over the government's plea for 90 days moratorium.
Oct 15, 2018, 13:00 PM IST
MCA seeks clarifications from Jet Airways auditors on deferring results announcement
The auditors are believed to have issues regarding the airline being a going concern.
Aug 21, 2018, 17:10 PM IST
Centre studying other countries' systems for new individual insolvency framework
The Centre is inclined towards the UK system with some modifications, sources have said.
Jun 21, 2018, 17:43 PM IST
Over 2.25 lakh cos may be struck off in FY'19 for not filing financial statement
Also, over 3.09 lakh directors were disqualified for not filing financial statements or annual returns for preceding 3 years (2013-14, 2014-15 and 2015-16).
Jun 08, 2018, 14:02 PM IST
Companies linked to ICICI Bank controversy come under MCA lens
The official also said the affairs of ICICI Bank are not being looked into by the ministry as that is completely under the purview of the Reserve Bank of India (RBI).
Jun 07, 2018, 16:49 PM IST
Shell companies crackdown: MCA to nail several accounts, take stern action
The Serious Fraud Investigation Office has also started probe into a few cases related to these companies.
Mar 13, 2018, 12:24 PM IST
HC junks FTIL's petition against govt order to merge with NSEL
The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).
Dec 04, 2017, 14:34 PM IST
MCA disqualifies more than 2 lakh directors of shell companies within 15 days
After the recent crackdown, the total number of directors disqualified by MCA has reached three lakhs.
Oct 03, 2017, 22:35 PM IST
Black money crackdown: Directors of deregistered companies to face up to 10-year jail for siphoning off funds
It was also decided that the directors of shell companies which have not filed returns for three or more years would be disqualified from holding such position in any other firm.
Sep 06, 2017, 20:06 PM IST
Black money crackdown: Disqualified directors barred from submitting documents to MCA
Applications and documents filed by disqualified directors of companies to the Ministry of Corporate Affairs will be "summarily rejected", according to a communication.
Sep 06, 2017, 18:53 PM IST
Bollywood, builders & brokers: More 'shell-shocks' in store
While several small brokers are already in the list of 'suspected shell firms', their links to bigger brokerage groups are being probed by
Aug 13, 2017, 14:37 PM IST
IT dept to share vital data with MCA to nail down shell companies
The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.
Jul 27, 2017, 15:10 PM IST
Ola lost Rs 6 crore a day during 2015-16
SoftBank-backed cab aggregator Ola posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost.
Apr 30, 2017, 16:51 PM IST
Money laundering: 8-9 lakh registered companies not filing returns, says Adhia
As many as 8-9 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.
Apr 29, 2017, 11:07 AM IST
Govt plans making Aadhaar compulsory for filings under Companies Act
The government plans to make Aadhaar compulsory for regulatory filings made by key managerial personnel and directors under the Companies Act so as to weed out bogus entities.
Apr 13, 2017, 23:52 PM IST
