Companies Act
Breaking News: There Is Possibilities To Have Changes In The Companies Act In The Budget Session
Fri, Dec 02, 2022
There is Possibilities to have changes in the Companies Act in the budget session. CCI, IBC Act will also change. Parliamentary standing committee will present CCI bill draft in a week. Know full news from Tarun Sharma.
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Govt initiates process for filling posts of independent directors in PSBs, FIs
Sun, Oct 10, 2021
The government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance.
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Company owner? Govt may replace 60-year old rules; see what is in store
Fri, May 17, 2019
A new set of rules being prepared by the Ministry of Corporate Affairs will soon allow the government to wind up firms on extraordinary grounds, including national security, sovereignty and integrity of the country,
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Crime no longer soon! Big relief for businessmen on these 16 corporate offences
Fri, Nov 02, 2018
The maximum number of defaults (around 6,000) under the Companies Act have been on account of non-filing of financial statement and annual report. The law provides for a fine of Rs 50,000 with a maximum of Rs 5 lakh or an imprisonment of up to six months or both.
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Artificial Intelligence will be introduced soon in MCA 21: PP Choudhary, MoS Corporate Affairs
Tue, Sep 25, 2018
PP Choudhary, MoS Corporate Affair & Law & Justice Minister, in an exclusive interview with Zee Business, said there is no definition for cell companies under the Companies Act, however, Section 248 provides provisions to strike off such companies that fail in filling its annual financial results.
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Up to 10-year jail for siphoning shell firms' money: Centre
Thu, Sep 07, 2017
"It has been decided that in case director/authorised signatory of any struck-off company tries to unauthorisedly siphon off money from its bank account, he/she may attract imprisonment of not less than six months and extendable to 10 years," a Finance Ministry statement here said.
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