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Individuals, partnership entities as well as companies can act as valuers under the Companies Act after getting registered with an authority specified by the government. (Representational Image)

Business

Govt notifies rules for registered valuers

The corporate affairs ministry has proposed to specify the IBBI as the authority with respect to matters related to...

20 Oct 2017 11:25 AM GMT

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

India

Finance Ministry releases list of 9,491 'high risk' financial...

The list, containing the names of the firms, has been updated till January this year.

27 Feb 2018 5:22 AM GMT

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Business

Govt approaches NCLAT, seeks power to attach properties in PNB scam

The corporate affairs ministry has also sought to invoke powers including the removal of the management and recovery of...

18 April 2018 1:55 PM GMT

$The ministry, which is implementing the companies law, is working to \tighten the screws\ in order to prevent instances of corporate frauds, a senior official said.$ Business

MCA plans 'intensive review' of companies law administration

Ministry, which is implementing the companies law, is working to "tighten the screws" in order to prevent instances of...

1 April 2018 8:49 AM GMT

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Business

Sebi norms on secretarial audit to improve corp governance,...

Regarding the circular, the regulator said that would help improve governance and transparency.

10 Feb 2019 10:31 AM GMT

Market regulator Sebi has approved most of the recommendations of corporate governance panel. The key changes accepted by Sebi are

Business

Mallya's defiance prompts Sebi to seek changes to Companies Act

Mallya and others were also barred from the securities markets in the same order.

5 March 2019 5:13 AM GMT

Citing rules, Sitharaman stated that Section 178(5) and 178(6) of the Companies Act. (Photo: ANI)

India

Action taken against 271 companies in last 3 years to safeguard...

Sitharaman said this in a written reply to a question in Lok Sabha today.

24 Jun 2019 3:53 PM GMT

The National Democratic Alliance (NDA) has a majority of 353 seats in the 543-member Lok Sabha. (Photo: File)

India

Govt introduces 3 Bills, Opposition flays it for rushing

Leader after leader from the Opposition ranks demanded that the mandatory two days time should be given to the...

25 July 2019 8:55 PM GMT

Business

West saw large endowments due to inheritance tax: FM Arun Jaitley

Inheritance tax is levied on the wealth inherited by the legal heirs of a deceased person.

25 Dec 2018 7:27 PM GMT

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Business

Govt seeks applications to fill judicial, technical member posts at...

The last date for filling the online applications for the vacancies is September 14.

26 Aug 2018 7:48 AM GMT

The government has so far garnered about Rs 16,000 crore through buybacks by five PSUs including NMDC and Coal India.

Business

No woman director at 65 PSUs, govt asks RoCs to act

Sebi directive and Companies Act, 2013, mandate all listed firms to have at least one woman director.

24 March 2017 11:01 AM GMT

Penalty amount that can be imposed by ICAI on individual auditors should be increased to a maximum of Rs 1 crore.

Business

Companies Act amendments important for accountancy profession: ICAI

On Tuesday, Parliament passed a bill to amend the Companies Act to strengthen corporate governance standards.

21 Dec 2017 5:40 AM GMT