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Bollywood, builders & brokers: More 'shell-shocks' in store

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 

Over 1.62 lakh companies deregistered till July 12: Govt

The response was to a query on whether there is an increase in the closure of bogus private limited companies especially those which had barely done business in the previous years but only taking loans and giving advances and creating money entries.

Sebi asks bourses to act against 331 suspected shell companies

Sebi asks bourses to act against 331 suspected shell companies

The ministry is implementing the Companies Act and firms are required to be registered under this law.

18 probes assigned to SFIO based on market research

18 probes assigned to SFIO based on market research

He was responding to a query on the number of firms operating in the country without getting themselves registered with the Registrar of Companies (RoC).

Nearly 3 lakh companies likely to face strict government action

The government has issued show cause notices to nearly 3 lakh firms that have not been carrying out business for long and are likely to face strict action starting this month.

Sebi forms committee on corporate governance

Aiming to improve standards of corporate governance of listed companies, markets regulator Sebi on Friday set up a committee under the chairmanship of Uday Kotak, chief of Kotak Mahindra Bank.

13,000 inactive companies come under government lens

13,000 inactive companies come under government lens

Nearly 13,000 companies have come under the government scanner for not carrying out business activities for a prolonged time amid stepped up efforts to clamp down on illicit fund flows through shell firms.

Govt asks companies to disclose details about junked notes

Govt asks companies to disclose details about junked notes

The government has asked companies to disclose details about transactions involving scrapped notes post demonetisation till December 30.

Cyrus Mistry companies urge NCLT to waive criteria for filing plea against Tata Sons

Cyrus Mistry companies urge NCLT to waive criteria for filing plea against Tata Sons

Two Cyrus Mistry family companies today urged the National Company Law Tribunal (NCLT) to use its discretion in waiving the eligibility criteria of 10 per cent shareholding required under the Companies Act for moving the Tribunal to challenge Mistry's ouster from Tata Sons.

CSR spends by corporates jump 22% to Rs 8,300 cr in FY16

Overall CSR spends by corporates saw a significant 22 percent rise in 2015-16, with bulk of the money going into education, skills development, healthcare and sanitation initiatives, a research report said.

Will contest allegations made by Cyrus Mistry at NCLT: Tata Sons

Tata Sons Tuesday said it will contest allegations made by its ousted Chairman Cyrus Mistry against the holding company in petition filed by his investment companies at National Company Law Tribunal.

India slips 3 notches to 13th rank in protection of minority investors

India slips 3 notches to 13th rank in protection of minority investors

India's global ranking in terms of protection of minority investors has slipped three notches to 13th, but remains much higher than the country's overall 130th rank for ease of doing business.

 

 Cost audit requirements become stricter

Cost audit requirements become stricter

Companies will now have to ensure that all statements annexed with the cost audit report are first approved by their board of directors before final submission.

100 companies served notice by government on CSR spending issue

100 companies served notice by government on CSR spending issue

About 100 companies have been served notice by the Registrar of Companies (RoC) on the issue of improper disclosure of their corporate social responsibility (CSR) spending

GVK Power shares soar 16% on proposal to hike limit for loans

GVK Power shares soar 16% on proposal to hike limit for loans

Shares of GVK Power & Infrastructure today ended with nearly 16 percent gains after the company sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities.

Corporate Affairs Ministry to launch new MCA21 portal

Corporate Affairs Ministry to launch new MCA21 portal

 Seeking to provide improved services to the stakeholders, the Corporate Affairs Ministry will soon launch the new MCA21 portal, which allows electronic filings of various documents under the Companies Act.

Budget 2016: Companies Act to be amended for greater ease of business

Budget 2016: Companies Act to be amended for greater ease of business

A bill to amend the Companies Act will be introduced in the current session of Parliament for greater ease of doing business, including for facilitating registration of a new company in just one day, Finance Minister Arun Jaitley said Monday.

Corp Affairs Ministry extends deadline for annual filings to December 30

Corp Affairs Ministry extends deadline for annual filings to December 30

The previous deadline for making these filings ended on November 30.

SEBI bans former directors of 10 companies

The Securities and Exchange Board of India (SEBI) 'prima facie' found that these past directors had illegally mobilised funds from the public through the issue of securities.

Govt relaxes requirements in annual returns form under Cos Act

Easing procedural requirements, the government has made changes in the annual returns form that is to be submitted by corporates under the Companies Act.