Corporate Affairs Ministry

Auditors come under lens amid crackdown on shell companies

Auditors come under lens amid crackdown on shell companies

Government said more than 1.06 lakh directors would be disqualified for their association with shell companies.

Sep 13, 2017, 16:05 PM IST
Amazon invests over Rs 2,000 crore in India business

Amazon invests over Rs 2,000 crore in India business

Global e-tailing giant Amazon has invested over Rs 2,000 crore (over USD 310 million) in India in the last two months as it looks to consolidate its position in the country and fend off local rivals like Flipkart

Jul 06, 2017, 20:17 PM IST
Govt portal MCA21 came under WannaCry attack

Govt portal MCA21 came under WannaCry attack

The corporate affairs ministry's key portal for making filings by companies -- MCA21 -- came under WannaCry ransomware attack last month, affecting certain services.

Jun 18, 2017, 15:47 PM IST

SFIO to trawl social media for leads on corporate frauds

The government's white-collar crime investigation agency SFIO is developing a new system, which will trawl social media platforms for leads on any possible fraud-in-making.

Jun 04, 2017, 18:01 PM IST

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.

Jun 02, 2017, 18:48 PM IST

SFIO developing early warning system to detect corporate frauds

The government's white-collar crime investigation agency SFIO is developing a new system for early detection of corporate frauds and to safeguard gullible investors from fly-by-night operators.

May 23, 2017, 19:02 PM IST

Govt exempts InvITs from acceptance of deposit norms

Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to ease the compliance requirements for the investment vehicle.

May 14, 2017, 16:50 PM IST
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.

Apr 27, 2017, 18:38 PM IST
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.

Apr 03, 2017, 18:41 PM IST

Nexus among politicians, business houses reported in some scams: Govt

The nexus among politicians, bureaucrats, and business houses have been reported in some instances of corporate scams, the government said on Friday.

Mar 10, 2017, 17:03 PM IST

Bankruptcy board invites public comments on draft regulations for voluntary liquidation

The Insolvency and Bankruptcy Board of India on Tuesday sought public comments on the draft regulations for voluntary liquidation.

Feb 14, 2017, 20:52 PM IST
Sebi a big responsibility, says chairman-designate Ajay Tyagi

Sebi a big responsibility, says chairman-designate Ajay Tyagi

A day after being named the next Sebi chief, senior bureaucrat Ajay Tyagi today said it is a big responsibility and he is looking forward to handling it.

Feb 11, 2017, 12:27 PM IST

Bansal case: SC notice to Centre, CBI on plea for SIT probe

The Supreme Court on Monday issued notice to the Centre on a PIL seeking SIT probe into the harassment and consequent suicide by late Corporate Affairs Ministry officer BK Bansal, who was being investigated in an alleged corruption case.

Nov 22, 2016, 00:43 AM IST
BK Bansal suicide: NHRC, DCW issue notice to CBI, Kejriwal demands probe against Amit Shah

BK Bansal suicide: NHRC, DCW issue notice to CBI, Kejriwal demands probe against Amit Shah

The NHRC and DCW on Thursday issued a notice to the Central Bureau of Investigation in connection with the suicide of senior bureaucrat BK Bansal and his family members.

Sep 29, 2016, 19:03 PM IST
Govt begins search for Bankruptcy Board chief

Govt begins search for Bankruptcy Board chief

Government has started the search process for the chairperson and three whole-time members of the Insolvency and Bankruptcy Board as it moves towards the implementation of a new law to make debt recovery process more effective.

Jul 24, 2016, 18:04 PM IST
 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.

Jul 17, 2016, 11:14 AM IST

CBI detains Corporate Affairs ministry official

CBI sources said that Bansal who is of an additional secretary ranked officer, has been detained along with another person. 

Jul 16, 2016, 22:36 PM IST