Search Results for Tag : Companies
Top Story
MCA amends Nidhi Rules, 2014 to safeguard the interest of general public(20.04.2022)
Initially, there was no requirement for a company to obtain a declaration from the Central Government in order to operate as a Nidhi Company under the.....
Tags : Mandatory, Nidhi companies, declaration
Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT-IFSC(24.01.2024)
The Department of Economic Affairs, Ministry of Finance, has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019, and notified the .....
Tags : Direct listing, Securities, Companies
Ministry of Corporate Affairs amends Companies (Incorporation) Amendment Rules, 2021(25.01.2021)
Ministry of Corporate Affair (MCA) has notified Companies (Incorporation) Amendment Rules, 2021 which sought to amend the Companies (Incorporation) Ru.....
Tags : Companies, Incorporation, Rules, Amendment
Statute
Real estate bill passed, aadhaar number changes rejected(15.03.2016)
The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....
Tags : Parliament, legislation, budget 2016, companies amemendment
Real estate bill passed, aadhaar number changes rejected(15.03.2016)
The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....
Tags : Parliament, legislation, budget 2016, companies amendment
Judgments
High Court under Section 260-A of the IT Act would interfere only if it finds that the reasoning given by the authorities below is perverse(09.11.2022)
Present Income Tax Appeal has been filed challenging the order passed by the Income Tax Appellate Tribunal ('ITAT'). The issue urged by the Revenue co.....
Tags : Comparable, Companies, Exclusion
When assessee is a capital service provider, there is no necessity to provide negative working capital adjustment(09.08.2021)
Two issues raised in present case is namely-- (i) Assessee's prayer regarding inclusion of Crystal Voxx Limited in the final list of comparable compan.....
Tags : Assessment, List, Comparable companies
Company Court to not wield power at winding-up under SARFAESI(29.12.2015)
Provisions of the Companies Act, 1956 in respect of dues of workmen and their protection are incorporated under the Securitisation Act, 2002 and legal.....
Tags : Sarfaesi, companies act, conditions, secured asset
Notifications & Circulars
Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders(07.09.2016)
In terms of section 21A of the Securities Contracts (Regulation) Act, 1956 (SCR Act) read with rule 21 of the Securities Contracts (Regulation) Rules,.....
Tags : Restrictions, Promoters, Delisted Companies, Investors interest, Protection
Delisting of BSE and NSE companies(29.11.2016)
The Securities and Exchange Board of India (SEBI) has informed that Section 21A of the Securities Contracts (Regulation) Act, 1956 read with rule 21 o.....
Tags : Companies, De-listing
CCI imposes penalties on cement companies for bid-rigging(19.01.2017)
The Competition Commission of India ('CCI') has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies .....
Tags : Penalty, Levy, Cement companies
Cabinet approves Implementation of the Cabinet's decision dated 28th December, 2016 regarding pharmaceutical companies in the public sector - seeking modification therein(17.07.2019)
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the following decisions:
Modifying the earlier decision dated 28.12.2.....
Tags : Pharmaceutical companies, Decision, Implementation
National Company Law Tribunal effective 1 June 2016(01.06.2016)
The Central Government constituted the National Company Law Tribunal and Appellate Tribunal for hearing matters arising under the Companies Act and th.....
Tags : companies act, bankruptcy code, company law tribunal
RBI releases proposed changes in regulations applicable to Housing Finance Companies for public comments(17.06.2020)
Post transfer of regulation of HFCs from National Housing Bank (NHB) to Reserve Bank with effect from 9th August , 2019, a Press Release dated August .....
Tags : Changes, Regulations, Housing Finance Companies for
Relaxation of additional fees and extension of last date in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013-UT of J&K and UT of Ladakh(31.01.2020)
Sir
In continuation to General Circular No. 15/2019 dated 28-11-2019 and keeping in view of the requests received from various stakeholders.....
Tags : Annual Return, Companies Act, 2013
Companies (Incorporation) Second Amendment Rules, 2021(01.02.2021)
In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby .....
Tags : Companies, Incorporation
Producer Companies Rules, 2021(11.02.2021)
In exercise of the powers conferred by sub-section (4) of section 378H and sub-section (1) of section 378ZL read with sub-sections (1) and (2) of sect.....
Tags : Producer Companies, Investment, Rules
Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward digital agriculture(14.09.2021)
Modernisation of the Agriculture sector will continue by infusing new technologies so that farmers can increase their income. Agriculture Minister Nar.....
Tags : Agriculture, MOU, Private Companies
Fee waiver for e-filed forms extended(16.05.2016)
The one time waiver of additional fees applicable to all e-forms due for filing by companies between 25 March 2016 and 31 May 2016 has been extended a.....
Tags : companies, e-filing, fee waiver
Special Court provisions in Companies Act now in force(18.05.2016)
The Ministry of Corporate Affairs notified 18 May 2016 as the date on which Sections 2(29)(iv), 435 to 438 and 440 of the Companies Act 2013 came into.....
Tags : Special court, companies act, 2016
Advisory to citizens regarding use of caution against Ed-tech Companies(23.12.2021)
Given the pervasive impact of technology in education, many ed-tech companies have started offering courses, tutorials, coaching for competitive exams.....
Tags : Advisory, Citizens, Ed-tech Companies
Appointment of Internal Ombudsman by the Credit Information Companies(06.10.2022)
1. Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit In.....
Tags : Appointment, Internal Ombudsman, Companies
Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)
Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....
Tags : Bank accounts, Companies, 'Struck off'
Special knowledge or practical experience useful to banking companies(24.11.2016)
In exercise of the powers conferred by Section 10A(2)(a)(ix) of the Banking Regulation Act, 1949, Section 19A(1)(a)(viii) of State Bank of India Act, .....
Tags : Special knowledge, Utility, Companies
Exemption from the provisions of sections 387 to 392 Companies Act, 2013 to the specified companies(05.08.2021)
In exercise of the powers conferred by section 393A of the Companies Act, 2013 (18 of 2013), the Central Government hereby exempts, from the provision.....
Tags : Exemption, Provisions, Specified companies
RBI releases the Report of the Working Group to Review the Regulatory and Supervisory Framework for Core Investment Companies(06.11.2019)
The Reserve Bank of India had constituted a Working Group (WG) to Review Regulatory and Supervisory Framework for Core Investment Companies (CICs), on.....
Tags : Report, Release, Core Investment Companies
Information regarding fraud in the name of TRAI(15.11.2023)
1. It has been brought to the notice of Telecom Regulatory Authority of India that some companies / agencies / individuals are fraudulently asking pub.....
Tags : Information, Fraud, Companies
Report of the Companies Law Committee(01.02.2016)
The Companies Law Committee has released its Report on .....
Tags : companies act, report, 2016
Relaxations for Listed Companies having stressed assets(23.06.2020)
SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferent.....
Tags : Relaxations, Listed Companies, Stressed assets
Commerce Minister Holds Meeting With E-Commerce And Tech Companies(18.06.2019)
Union Minister of Commerce and Industry & Railways, Piyush Goyal, held an extensive consultation with tech industry and e-Commerce companies in New De.....
Tags : Meeting, E-Commerce, Tech Companies
Committee on Asset Reconstruction Companies invites views and suggestions from stakeholders(28.04.2021)
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank.....
Tags : Committee, Asset Reconstruction Companies, Stakeholders
Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023(10.05.2023)
In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the.....
Tags : Removal, Names, Companies, Amendment Rules
Nidhi (Amendment) Rules, 2022(19.04.2022)
In exercise of the powers conferred by sub-section (1) of section 406 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18.....
Tags : Amendment, Nidhi Companies
Review of Guidelines for Core Investment Companies(13.08.2020)
1. Please refer to the report of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), const.....
Tags : Review, Guidelines, Investment Companies
News
Companies Now to Pay Service Tax on Services Availed from Govt. from Next Fiscal Year(09.03.2016)
Govt. has notified provision making Indian companies to pay service tax on any service they avail from Government or local authority from the next fis.....
Tags : Govt., Indian companies , service tax
Government set to settle retrospective tax disputes(21.03.2016)
The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....
Tags : Retrospective tax, companies, settlement
Government set to settle retrospective tax disputes(21.03.2016)
The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....
Tags : Retrospective tax, companies, settlement
NGT Raps Oil Companies Over Data on Diesel Trucks(27.02.2017)
National Green Tribunal has rapped public sector oil companies for not submitting status report on their 10-year old diesel trucks used for transporti.....
Tags : National Green Tribunal, Oil Companies
National Companies Law Tribunal Rejects Sun Pharma’s Plan to Demerge Overseas Subsidiary(02.01.2020)
National Companies Law Tribunal has rejected the Sun Pharmaceutical Industries’ plan to demerge an overseas unit. The company’s plan to consolidate th.....
Tags : National Companies Law Tribunal, Sun Pharma
National Companies Law Appellate Tribunal Removes Strictures on ROC in Tata Sons’ Case(03.01.2020)
National Companies Law Appellate Tribunal has removed strictures against the Registrar of Companies, Mumbai, from its order that ruled that Tata Sons’.....
Tags : National Companies Law Appellate Tribunal, Tata Sons
IT Department: Infrastructure Companies can Choose the Year from Which They Want Tax Benefit(16.02.2016)
The Income Tax Department has said that infrastructure companies will have option to choose the year from which they desire to claim tax benefits for .....
Tags : IT Department, infrastructure companies
RBI Revises Norms for NBFC Factor Firms(19.02.2016)
Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....
Tags : Reserve Bank of India , NBFC factor companies
Government Amends Companies (Audit and Auditors) Rules, 2014(20.02.2018)
Government has amended Companies (Audit and Auditors) Rules, 2014 wherein Forms ADT-1 which provides for notice to RoC by the company for appointment .....
Tags : Companies, Audit, Auditors
CIVIL - Triple Talaq and Companies (Amendment) Ordinance Gets President Ram Nath Kovind's Approval(22.02.2019)
President of India has given assent to The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019) and The Companies (.....
Tags : Triple Talaq, Companies Amendment
CIVIL - Triple Talaq and Companies (Amendment) Ordinance Gets President Ram Nath Kovind's Approval(22.02.2019)
President of India has given assent to The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019) and The Companies (.....
Tags : Triple Talaq, Companies Amendment
CIVIL - Bombay HC Raps Anil Ambani Firms for 'Attempt to Mislead'(22.02.2019)
Bombay High Court has described arguments of Reliance group companies regarding alleging misconduct on part of Edelweiss group companies in sale of pl.....
Tags : Bombay High Court, Anil Ambani Firm, Reliance Group Companies, Edelweiss group
Madras HC Takes Suo Motu Case on Cartel of Doctors, Pharma Companies and Diagnostic Labs(15.01.2020)
Madras High Court has observed that the cartel of doctors, pharma companies and diagnostic laboratories are fleecing the patients by overpricing the d.....
Tags : Madras High Court, Cartel of Doctors, Pharma Companies, Diagnostic Laboratories
Sebi: Submit Corporate Governance Report in 15 days From Closure of Quarter(25.09.2015)
Sebi has directed listed companies to submit quarterly compliance report on corporate governance in a prescribed format within 15 days from close of e.....
Tags : Sebi,listed companies
Punjab and Haryana HC Seeks Complete Details of Mobile Towers in City(30.09.2015)
Punjab and Haryana High Court has ordered cellular companies operating in Chandigarh to submit details, within 10 days, of all their mobile towers ere.....
Tags : Punjab and Haryana High Court ,cellular companies
RBI Permits Companies to Raise $750 mn through Rupee Bonds(30.09.2015)
Reserve Bank of India (RBI) has permitted companies to raise up to $750 million from overseas markets under automatic route, through rupee-denominated.....
Tags : Reserve Bank of India ,companies
IRDA Stays Mandatory Listing of Insurance Companies(17.10.2016)
Insurance Regulatory & Development Authority (IRDA) has said that it is having second thoughts about mandatory listing of Insurance Companies on the S.....
Tags : Insurance Regulatory & Development Authority, listing, Insurance Companies, Finance Ministry
Parliament Passes Companies (Amendment) Bill, 2019(31.07.2019)
Parliament has passed the Companies (Amendment) Bill, 2019 which seeks to tighten Corporate Social Responsibility norms and ensure stricter action for.....
Tags : Parliament, Companies (Amendment) Bill, 2019
Supreme Court Takes Note of Insurance Companies Not Reimbursing Cost of COVID Treatment(06.08.2020)
Supreme Court has taken note of complaints of insurance companies not reimbursing the full cost of COVID-19 treatment and told the Union government to.....
Tags : Supreme Court, Insurance Companies, Cost of COVID Treatment
Kerala HC: Section 164(2) Companies Act not Retrospective(21.06.2021)
Kerala High Court has dismissed a batch of petitions challenging the disqualification of around 250 Directors of Companies under Sections 164 and 167 .....
Tags : Kerala HC, Companies Act
CIVIL - Karnataka HC Gives Relief to Renewable Energy Companies(18.03.2019)
Karnataka High Court has quashed state Karnataka Electricity Regulatory Commission's (KERC) order imposing ‘wheeling and banking’ charges on wind, hy.....
Tags : Karnataka High Court, Renewable Energy Companies
#Union Budget 2020-2021: New Power Generation Companies to be Taxed at 15%(01.02.2020)
Central Government with an aim to boost power generation capacity, has extended the new corporate tax regime for new manufacturing plants to new power.....
Tags : Union Budget 2020-2021, Power Generation Companies
Ministry of Corporate Affairs Notifies Amendment to Companies Rules, 2020(05.02.2020)
Ministry of Corporate Affairs has notified an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2020, adding a provision.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Rules, 2020
Delhi HC Directs Centre in Plea Challenging Non-Provision of Field to Register Companies/LLPs(10.02.2021)
Delhi High Court has directed Central Government to file an affidavit in the plea filed challenging the non-providing of a field for Advocates to regi.....
Tags : Delhi High Court, Registration of Companies/LLPs
Karnataka High Court Stays Retrospective Payment of Tax on Annuity to Infra Companies(27.12.2021)
Karnataka High Court has stayed proceedings initiated by the goods and services tax (GST) authorities seeking retrospective payment of tax on annuity .....
Tags : Karnataka High Court, Retrospective Payment of Tax on Annuity to Infra Companies
Central Government Enforces Certain Provision of Companies Act, 2013, as on 9.09.2016(13.09.2016)
Centre has notified that provisions of section 227, clause (b) of sub-section (1) of section 242, clauses (c) and (g) of sub-section (2) of section 24.....
Tags : Central Government, Companies Act, 2013
SEBI Relaxes Rule for Minimum 25% Public Stake in Listed Companies(15.05.2020)
Securities and Exchange Board of India (SEBI) has eased the 25% minimum public shareholding norm for listed companies in the wake of the Covid-19 outb.....
Tags : Securities and Exchange Board of India, Public Stake in Listed Companies
NCLAT Bars Appointment of Retired Bank Official as Resolution Professional(25.05.2020)
National Companies Law Appellate Tribunal has upheld a bankruptcy tribunal order prohibiting appointment of a former employee of financial creditor as.....
Tags : National Companies Law Appellate Tribunal, Resolution Professional
SC Issues Notice on NCLT Bar Association's Petition Challenging MCA Notification(06.04.2022)
Supreme Court has issued notice in a writ petition that seeks to change the term of 3 years fixed by a notification issued by the Ministry for the mem.....
Tags : Supreme Court, 3 years, National Company Law Tribunal, 5 years, Section 408 of the Companies Act, 2013
Supreme Court: Mere Amalgamation Would Not invalidate Income Tax Proceedings(07.04.2022)
Supreme Court has held that whether corporate death of amalgamating entity upon amalgamation invalidates an order of assessment issued under the Incom.....
Tags : Supreme Court, amalgamation, Income Tax Act, 1961, Section 481 of the Companies Act, 1956
SC Upholds Centre’s Mechanism to Control Drug Prices(24.10.2016)
Supreme Court has upheld Centre's power to specify prices of essential medicines to curb profiteering by Pharmaceutical Companies.
Tags : Supreme Court, Pharmaceutical Companies, Drug Prices
Bombay HC Directs Insurance Companies to Pay Insured Accident Victims Having Fake Licenses(24.10.2016)
Bombay High Court has held that Insurance Companies are liable to pay compensation to victims of road accidents even if they possessed a fake or unaut.....
Tags : Bombay High Court, Insurance Companies , Fake Licenses
NGT Directs Oil Companies to Install Vapour Recovery Systems at All Petrol Pumps(03.10.2018)
NGT has passed directions on a petition for implementation of necessary steps to control and stop the release of VOCs like benzene, toluene and xylene.....
Tags : NGT, Oil Companies
Delhi High Court Directs Registrar of Companies to Exercise Discretionary Powers Responsibly(14.08.2019)
Delhi High Court has directed the Registrar of Companies to exercise the powers given to it efficiently in accordance with law and without any arbitra.....
Tags : Delhi High Court, Registrar of Companies
SC: Cancel Licences, Spectrum if AGR Dues of Insolvent Telecom Companies Not Paid(25.08.2020)
Supreme Court has stated that the Government must cancel licences and spectrum of telecom companies that refuse to pay pending adjusted gross revenue .....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
SC Grants 10 Years Period for Telecommunication Companies to Clear AGR Dues(01.09.2020)
Supreme Court has held that the telecom companies who are liable to pay Aggregate Gross Revenue dues shall make payment of 10% of the dues by 31st Mar.....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
SICA Repeal Act Shall Come into Force From Dec. 01, 2016(30.11.2016)
Ministry of Finance has appointed December 1, 2016 as the date on which provisions of Sick Industrial Companies (Special Provisions) Repeal Act, 2003 .....
Tags : Ministry of Finance, SICA Repeal Act, Sick Industrial Companies
Ministry of Finance Repeals SICA With Effect From Today(01.12.2016)
Ministry of Finance has repealed Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) with effect from today.
Tags : Ministry of Finance, Sick Industrial Companies (Special Provisions) Act, 1985
RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....
Tags : Reserve Bank of India, Non-Banking Finance Companies
Karnataka HC Directs to Ensure Insurance Companies Transfer Unclaimed Policy Amounts(09.09.2021)
Karnataka High Court has directed the Insurance Regulatory and Development Authority (IRDA) to ensure that all insurance companies follow the master c.....
Tags : Karnataka High Court, Insurance Companies Transfer Unclaimed Policy Amounts
SC: Customs Act Doesn’t Create Statutory First Charge on Customs Dues(22.08.2023)
Supreme Court has held that Customs Act, 1962 does not create a statutory first charge on the customs dues, overriding the charge created in favour of.....
Tags : Supreme Court, Customs, Companies Act
RBI Issues Draft Norms for Account Aggregators(04.03.2016)
Reserve Bank of India (RBI) has issued draft guidelines for setting up of Non-Banking Finance Companies (NBFC) that would act as account aggregators a.....
Tags : Reserve Bank of India , Non-Banking Finance Companies
SC Asks CBI to Accelerate Investigation in Multi-Crore Rupee Chit-Fund Scam Cases(01.12.2015)
Supreme Court has asked CBI to accelerate its investigation in multi-crore rupee chit-fund scam cases against Seashore group of companies in Odisha.
Tags : Supreme Court , multi-crore rupee chit-fund scam cases , Seashore group of companies
SEBI Relaxes Delisting Procedure for Small Companies(01.12.2015)
Securities and Exchange Board of India (SEBI) in order to weed out a large number of illiquid stocks has relaxed delisting norms for small companies a.....
Tags : Securities and Exchange Board of India , Small Companies
SEBI Eases Penal Provision for Deemed Public Offers(01.12.2015)
Securities and Exchange Board of India (SEBI) has said that unlisted companies raising funds through securities without having a public offer document.....
Tags : SEBI, unlisted companies
RBI Cancels License of 56 NBFCs(07.12.2015)
Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....
Tags : Reserve Bank of India , Non-Banking Financial Companies
Punjab & Haryana HC Seeks Government’s Reply to Telcos’ Understated Income(14.12.2016)
Punjab & Haryana HC has sought responses from Government, Ministry of Communications, Ministry of Electronics & Information Technology and Comptroller.....
Tags : Punjab & Haryana High Court, telecom companies, Understated Income
Govt Notifies New Exemptions to Private Ltd Companies(15.06.2017)
Govt has notified exemption to Pvt Ltd Companies which says that exceptions, modifications and adaptations provided in it shall be applicable to a com.....
Tags : Government of India, Companies Act, 2013
MCA Relaxes Norms on Auditors Term for Pvt Cos With Paid Up Share Capital of 50 Crores(23.06.2017)
Ministry of Corporate Affairs has notified amendment to Companies (Audit and Auditors) Rules, 2014 wherein it amended Auditors’ rules with respect to .....
Tags : Ministry of Corporate Affairs, Companies (Audit and Auditors) Rules
Calcutta High Court: All Proceedings Under Companies Act 1956 Stands Transferred To NCLT(10.09.2018)
Calcutta High Court has held that HC has lost jurisdiction from 15th December 2016 to entertain all proceedings under Companies Act, 1956 and the same.....
Tags : Calcutta High Court, NCLT, Companies Act, 1956
Challenge Against RBI Circular By Power Companies: SC Transfers All Pending Matters To Itself(13.09.2018)
SC has directed that twelve cases pertaining to the Insolvency Proceedings under the new RBI circular pending before High Courts of Madras, Gujarat, A.....
Tags : Supreme Court, Power companies, RBI Circular
Sebi Streamlines Norms for Mergers Involving Listed Companies to Increase Public Shareholding to 25%(16.01.2017)
Securities and Exchange Board of India (SEBI) has introduced more checks and balances for Mergers & Acquisition (M&A) involving unlisted companies, un.....
Tags : Securities and Exchange Board of India, Listed-Unlisted Companies, Merger, Public Shareholding
Delhi HC Seeks Reply From RBI, SEBI, NPCI on Plea Seeking Regulation of Tech-Fin Companies(10.12.2020)
Delhi High Court has sought reply from the Ministry of Law, Finance Ministry, Reserve Bank of India, Securities and Exchange Board of India, and Natio.....
Tags : Delhi High Court, Regulation of Tech-Fin Companies
President Gives Assent to Companies (Amendment) Act, 2017(04.01.2018)
President of India has given assent to Companies (Amendment) Act, 2017 which seeks to strengthen corporate governance standards, initiate strict actio.....
Tags : Companies (Amendment) Act, 2017
Govt. Notifies Companies (Amendment) Act, 2017(05.01.2018)
Central Government has notified Companies (Amendment) Act, 2017 which aims at strengthening corporate governance standards by providing for strict act.....
Tags : Companies Amendment Act
MCA Extends Due Date of Filing Annual Return and Financial Statement(31.10.2019)
Ministry of Corporate Affairs (MCA) has extended the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Compa.....
Tags : Ministry of Corporate Affairs, Companies Act,2013, Extension of date
COMPANY - Statutory Dues of Companies are Operational Debt: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that statutory liability, including income tax and value added tax dues, of debt-ridden compa.....
Tags : NCLAT, Statutory Dues of Companies, Operational Debt
SC Issues Contempt Notices Against Telecom Companies Which Have Not Paid AGR Dues(14.02.2020)
Supreme Court has issued contempt notices to the telecom companies which have not yet paid the dues arising out of the October 2019 judgment which int.....
Tags : Supreme Court, AGR Dues, Telecom Companies
SC: 'Group of Companies' Doctrine must be Retained in the Indian Arbitration Jurisprudence(06.12.2023)
Supreme Court has held that the 'group of companies' doctrine must be retained in the Indian arbitration jurisprudence considering its utility in dete.....
Tags : Supreme Court, 'Group of Companies', Arbitration
Supreme Court Rejects Telecom Companies’ Plea to Hold Open- Court Hearing(09.01.2020)
Supreme Court has rejected the request of Bharti Airtel, Vodafone Idea, Tata Teleservices, Hughes Communications India and some state-run firms for an.....
Tags : Supreme Court, Telecom Companies
Del. HC: SFIO Not Barred from Investigating Offence Under IPC(26.12.2023)
Delhi High Court has held that a conjoint reading of Sections 4(1) & 154 of CrPC and Sections 212 & 219 of Companies Act, 2013, it cannot be said that.....
Tags : Delhi High Court, Serious Fraud Investigation Office, CrPC, Companies Act
Supreme Court Rejects Review Petitions of Telecom Companies(17.01.2020)
Supreme Court has dismissed the Review Petitions of Telecom companies on Adjusted Gross Revenue (AGR) payment order. The Companies would have to pay R.....
Tags : Supreme Court, Telecom Companies, Review Petition
Ministry of Corporate Affairs Notifies Companies (Incorporation) Amendment Rules, 2021(28.01.2021)
Ministry of Corporate Affair (MCA) has notified Companies (Incorporation) Amendment Rules, 2021 which sought to amend the Companies (Incorporation) Ru.....
Tags : Ministry of Corporate Affairs, Companies (Incorporation) Amendment Rules, 2021
MCA Notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021(03.02.2021)
Ministry of Corporate Affairs (MCA) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021 so as to enable the.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021
Allahabad High Court: Section 164(2) of Companies Act is Constitutionally Valid(21.01.2020)
Allahabad High Court has upheld the constitutional validity of Section 164(2) of the Companies Act, 2013, which stipulates that a Director whose compa.....
Tags : Allahabad High Court, Constitutional Validity, Section 164 (2) Companies Act, 2013
Kar HC: Once Investigation u/s 210 Companies Act Commenced, Govt Not Powerless to Issue SFIO Probe(19.02.2024)
Karnataka High Court has held that if under Section 230 of Companies Act, 2013 investigation has started then the Government of India does not become .....
Tags : Karnataka High Court, S. 230 Companies Act, S. 212 Companies Act
Companies Law Committee Submits Report to Government(03.02.2016)
Companies Law Committee, constituted in June 2015 to make recommendations on issues related to implementation of Companies Act, 2013, has submitted it.....
Tags : Companies Law Committee,Companies Act, 2013,
Supreme Court: Statutory Prescribed Limitation Period for Filing Appeal Cannot be Extended(08.02.2018)
Supreme Court has held that the limitation period for filing an appeal under provisions of the Companies Act, 2013 cannot be extended beyond what is p.....
Tags : Supreme Court, Companies Act
Delhi HC Upholds Validity of Rule 3(2) Of Companies (Registered Valuers & Valuation) Rules(12.02.2019)
Delhi High Court has upheld validity of Rule 3(2) of the Companies (Registered Valuers and Valuation) Rules, according to which no partnership entity .....
Tags : Delhi High Court, Companies (Registered Valuers & Valuation) Rules
RBI Directs Banks to Cap Stake in Insurance Companies at 30%(27.12.2019)
Reserve Bank of India has directed lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arisin.....
Tags : RBI, Insurance Companies
NGT Pulls Up Power Distribution Companies in Delhi(25.03.2016)
National Green Tribunal (NGT) has pulled up power distribution companies in Delhi for putting high tension cables on trees and warned them of action a.....
Tags : National Green Tribunal , Power Distribution Companies
Govt. Allows 100% FDI in E-Commerce Companies(30.03.2016)
Government has allowed 100% Foreign Direct Investment (FDI) in marketplace e-commerce companies.
Tags : Government, e-commerce, companies, FDI
Companies With Over Rs 500 Crore Net-Worth Now to Follow New Accounting Rules(31.03.2016)
Companies with a net-worth of Rs 500 crore or more will have to follow the new Indian Accounting Standards (Ind AS) from April 1. The new standards ar.....
Tags : Companies, New Accounting Rules
MCA Amends Companies (Appointment and Qualification of Directors) Rules, 2014(09.05.2018)
Ministry of Corporate Affairs (MCA) has amended Companies (Appointment and Qualification of Directors) Rules, 2014 by the Companies (Appointment and Q.....
Tags : Companies, Directors
MCA Amends Companies (Meetings of Board and Its Powers) Rules 2014(09.05.2018)
Ministry of Corporate Affairs (MCA) has amended the Companies (Meetings of Board and Its Powers) Rules 2014 by the Companies (Meetings of Board and It.....
Tags : Companies, Directors
Govt. Eases Salary Reporting Norms(05.07.2016)
Govt. has notified Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 and simplified salary reporting requirements.....
Tags : Govt. , Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
SC: Pharmaceutical Companies Gifting Freebies to Doctors is Prohibited by Law(23.02.2022)
Supreme Court held that pharmaceutical companies gifting freebies to doctors is prohibited by law and they cannot claim it as a deduction under Sectio.....
Tags : Supreme Court, Pharmaceutical Companies, Gifting Freebies to Doctors
Bombay HC Orders for Making RoC Website a “Protected System”(08.10.2015)
Bombay High Court has ordered 3 Union Ministries to consider making website of Registrar of Companies (RoC) a 'protected system' under Section 70 of I.....
Tags : Bombay High Court ,Registrar of Companies
Delhi High Court Permits App-Based Taxis to Continue Diesel-Run Taxis till March 1, 2016(15.10.2015)
Delhi High Court has permitted app-based cab companies to ply diesel-run taxis from point to point in Delhi till March 1 next year by when they will h.....
Tags : Delhi High Court , app-based cab companies
Bombay High Court Imposes Fine of Rs.1.5 Cr on Two Pharma Companies(24.09.2018)
Bombay High Court has imposed a cost of Rs.1.5 Cr on two pharma companies for repeatedly infringing copyright and selling illegal drugs.
Tags : Bombay High Court, Pharma Companies
NCLT Allows Merger of LLP, Private Companies(31.07.2018)
National Company Law Tribunal has given the green signal to merger of a Limited Liability Partnership with a private company.
Tags : NCLAT, LLP, Private Companies
Delhi High Court: Insurance Companies Must Accept Claims at All Hospitals(13.06.2019)
Delhi High Court has held that insurance companies would have to honour claims by valid medical policy holders who have received treatment at any gove.....
Tags : Delhi High Court, Insurance Companies
CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)
Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....
Tags : Central Board of Direct Taxes , TDS, Payment System Companies
COMPANY - SC: Companies Act Does Not Stipulate Any Fixed Period for Completion of Serious Fraud Investigation(28.03.2019)
SC while holding that there is no stipulation of any fixed period for completion of a Serious Fraud investigation observed that stipulation in Section.....
Tags : Supreme Court, Section 212(3) of the Companies Act, 2013, Serious Fraud investigation
SC Sets Aside Delhi HC Orders Initiating Coercive Steps Against Companies and Promoters Biyani(01.02.2022)
Supreme Court has set aside the orders of the Delhi High Court which initiated coercive steps against the companies and its promoters Biyanis for alle.....
Tags : Supreme Court, Coercive Steps Against Companies and Promoters Biyani
Govt Releases Draft Companies (Registered Valuers and Valuation) Rules, 2017(30.05.2017)
Ministry of Corporate Affairs has released Draft Companies (Registered Valuers and Valuation) Rules, 2017 with an aim to introduce a robust regulatory.....
Tags : Draft Companies (Registered Valuers and Valuation) Rules, 2017
SC Upholds 'Change In Law' Compensation for Adani Power(07.03.2023)
Supreme Court while criticizing State Distribution Companies for taking a stand contrary to that of the Union regarding grant of "Change in Law" compe.....
Tags : Supreme Court, Adani Power, Change in Law, Distribution Companies
MP HC: ?20 Lakh Minimum Threshold for Loan Recovery by NBFCs Not Applicable on HFCs(23.05.2024)
MP HC has held that Housing Finance Companies (HFCs) can invoke the SARFAESI Act, 2002 even when the loan amount is less than ?20 Lakhs and the minimu.....
Tags : MP High Court, SARFAESI Act, 2002, Housing Finance Companies, NBFC
MCA Notifies Companies (Incorporation) Third Amendment Rules, 2016(01.08.2016)
Ministry of Corporate Affairs (MCA) has notified Companies (Incorporation) Third Amendment Rules,2016 to amend the Companies (Incorporation) Rules, 20.....
Tags : Ministry of Corporate Affairs , Companies (Incorporation) Third Amendment Rules, 2016
Solve Issues of Companies Under Debt: NCLAT(29.04.2019)
National Company Law Appellate Tribunal has stated that functional companies boost the economy and are a source of income for families and also called.....
Tags : NCLAT, Companies Under Debt
Ministry of Corporate Affairs Extends Period for Holding Meetings of Board of Companies(04.05.2021)
Ministry of Corporate Affairs has notified that the requirement of holding meetings of the Board of the companies as per section 173 of the Companies .....
Tags : Ministry of Corporate Affairs, Meetings of Board of Companies
Amalgamation of Air Asia With Air India Express Approved by NCLT(12.06.2024)
National Company Law Tribunal has approved the amalgamation of AIX Connect Pvt Ltd., owner of Air Asia Airlines, with the Air India Express Ltd compan.....
Tags : NCLT, Air Asia, Air India Express, Companies Act, 2013
Companies Rules Amended to Mandate Disclosure of Compliance With Sexual Harassment Act(16.08.2018)
Ministry of Corporate Affairs has amended Companies (Accounts) Rules, 2014 to mandate the disclosure regarding the implementation of Sexual Harassment.....
Tags : Companies Rules, Sexual Harassment
Supreme Court: No Recalculation of AGR Dues of Telecommunication Companies(21.07.2020)
Supreme Court has stated that there will be no recalculation of the adjusted gross revenue (AGR) dues that need to be paid by the telecommunication co.....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
Ministry of Consumer Affairs Issues Draft Rules for Regulation of Direct Selling Companies(05.07.2021)
Ministry of Consumer Affairs has issued draft rules for mandatory registration of direct selling companies such as Amway, Oriflame, Tupperware and sim.....
Tags : Ministry of Consumer Affairs, Direct Selling Companies
SC: No Priority For Workers' Dues After Liquidation of Company Under IBC(03.05.2023)
Supreme Court while holding that workers' dues will not get preferential payment in the event a company undergoes liquidation as per the provisions of.....
Tags : Supreme Court, IBC, Companies Act, 2013
SC Upholds Constitutional Validity of Section 140(5) Companies Act 2013(04.05.2023)
Supreme Court while upholding the constitutional validity of Section 140(5) of the Companies Act, 2013, and observed that application/proceedings unde.....
Tags : Supreme Court, Constitutional Validity, Companies Act
SC: Concerned That AGR Dues Will Be 'Wiped Out' in IBC Process(21.08.2020)
Supreme Court has remarked that it was wary of Aggregate Gross Revenue-related dues owed to the Government being wiped out in light of the insolvency .....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
SC Asks DoT Details of Spectrum Sharing Arrangements by Telecom Companies(24.08.2020)
Supreme Court has directed the Department of Telecom (DoT) to inform of the basis of spectrum sharing done by telecom companies and how much is the li.....
Tags : Supreme Court, Spectrum Sharing Arrangements by Telecom Companies
SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
SC to Centre: Recover Wages To Workmen Against Tea Companies(24.07.2017)
Supreme Court has directed Centre to proceed against erring tea companies, by calling upon the statutory authorities to issue notices to them, for rec.....
Tags : Supreme Court, Tea Companies
SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)
Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....
Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India
SC: Corp. Charging Royalty Can’t be Interfered With as there is no Question of Royalty Being Tax(17.10.2024)
SC has stated that Municipal Corporation's power to charge royalty from the advertising companies cannot be interfered with on the ground that the sam.....
Tags : Supreme Court, Municipal Corporation, Advertising Companies
RBI Tightens Norms for Banks Lending to Overseas Subsidiary of Indian Companies(04.01.2016)
Reserve Bank of India (RBI) has tightened norms for banks lending to overseas subsidiary of Indian companies by raising the provisions substantially a.....
Tags : Reserve Bank of India , subsidiary of Indian companies
Pending Companies Act Matters to be Transferred to NCLT(12.12.2016)
MCA has issued a notification stating that pending proceedings under the Companies Act with a few exceptions shall be transferred from the district an.....
Tags : NCLT, Pending Companies Act matters