Companies Act

Govt relaxes resident director norms for companies

The relaxation allows for companies to have at least one director who has resided in India for more than 136 days this year.

Jun 29, 2014, 14:42 PM IST

Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal

Bharatiya Mahila Bank (BMB), incorporated under the Companies Act last fiscal to extend banking services especially to women, is targetting at a business of Rs 1,800 crore this fiscal.

Jun 15, 2014, 19:08 PM IST

Govt provides clarity on independent directors` tenure

Easing norms, the government has said an independent director`s previous tenure would not be counted towards the ten-year period limit, as mandated under the new companies law, provided that the individual is appointed afresh before March 2015.

Jun 10, 2014, 13:57 PM IST

India Inc likely to spend Rs 22,000 cr on CSR: E&Y

"Given the mandate it is estimated that nearly 16,500 companies will invest Rs 22,000 crore towards CSR," Vijay Ganapathy from EY India's advisory services said speaking at a seminar on CSR.

Jun 05, 2014, 17:27 PM IST

Unclear Companies Act would make things worse: CII

Seeking a comprehensive review of the new Companies Act, industry body CII today said that an "unclear and cumbersome" law would make things worse for the corporates.

Jun 04, 2014, 23:52 PM IST

New cos law becomes reality with robust governance norms

To protect the interests of investors, the government has made it mandatory for public deposit-taking companies to insure such deposits, among others.

Apr 01, 2014, 22:58 PM IST

New companies law: Most provisions to be effective from Tuesday

Norms for social welfare spending, stringent regulations for related party transactions, independent directors and deposit-taking companies, among others, would come into force.

Mar 31, 2014, 23:44 PM IST

Govt notifies more sections of new companies law

The government Wednesday notified more than 180 sections of the new Companies Act, as it moves to make the legislation operational from next month.

Mar 26, 2014, 19:56 PM IST

EC allows Corp Affairs Min to notify new rules

The Corporate Affairs Ministry Thursday received Election Commission's approval for notifying rules related to various sections of the new Companies Act, paving the way for its implementation from April 1.

Mar 20, 2014, 19:47 PM IST

January sees 264 new companies being set up every day

India saw as many as 264 new companies being set up every day on an average during January with most of them getting registered in Maharashtra.

Mar 16, 2014, 18:36 PM IST

Corp Affairs Min will seek EC nod before notifying new rules

With the Model Code of Conduct for general polls in force, the Corporate Affairs Ministry will intimate the Election Commission before notifying rules for the remaining provisions of the new companies law.

Mar 06, 2014, 21:57 PM IST

SC seeks Centre's response of plea against new Companies Act

The Supreme Court Monday sought the Centre's response on a petition seeking to declare as ultra vires of the Constitution some of the provisions of the new Companies Act that aims to create the National Company Law Tribunal (NCLT) and the Appellate Tribunal.

Jan 13, 2014, 20:18 PM IST

India Inc happy with new laws in 2013; expects further reforms

The Indian industry was pleased with the government pushing through key legislations on Land Acquisition, Lokpal and Companies Act in 2013 and expects that the much awaited ones, including the GST, DTC and Insurance Bills to pass the muster soon.

Dec 26, 2013, 12:32 PM IST

Sebi board to discuss corp governance code, REITs tomorrow

It has also proposed to introduce a new concept of 'Corporate Governance Rating' by independent agencies to monitor the level of compliance by listed companies, in addition to regular inspection by Sebi and stock exchanges.

Dec 23, 2013, 14:35 PM IST

Govt can't tell companies on how to spend CSR money: Pilot

The new Companies Act, 2013, requires certain class of profitable entities to shell out at least three percent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities.

Dec 20, 2013, 18:40 PM IST

Listed cos to attract new corporate governance norms too: Sebi

The Sebi chief assured that the regulator will not veer off from the spirit of Companies Act in formulating the norms.

Dec 20, 2013, 14:44 PM IST

MCA, RBI to discuss insurance cover for public deposits

The Ministry of Corporate Affairs will hold consultations with the Reserve Bank on the mandatory insurance cover that has been proposed for public deposits garnered by companies.

Dec 06, 2013, 18:19 PM IST

Govt issues winding up, cost audit draft rules under Cos Act

Pushing forward the new companies law, the government Thursday issued the final set of draft rules, relating to winding up of firms and cost audit.

Nov 21, 2013, 19:47 PM IST

UK set to invest millions in CSR in India

British companies are expected to contribute as much as 100 million pounds per year for Corporate Social Responsibility (CSR) work in India under the country's new Companies Act.

Nov 13, 2013, 19:44 PM IST

Companies Act rules likely to be sent to Law Min this month

The Corporate Affairs Ministry, which is in the process of preparing rules for the new companies legislation, is expected to send the final norms to the Law Ministry for approval this month.

Nov 10, 2013, 15:12 PM IST