Corporate Law News

MCA proposes higher penalties and wider leniency to combat cartels

24 May 2023 at 08:39

Higher penalty for cartels and greater leniency provisions introduced in competition law last month will go hand in hand in tackling cartels which are by nature difficult to prove, the corporate affairs ministry said in a monthly update

Posted in Corporate Law | 3495 Views

MCA introduces C-PACE initiative to simplify company striking off process

16 May 2023 at 08:45

The Ministry of Corporate Affairs (MCA) has moved a step forward by centralising the strike off process of companies with the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE).

Posted in Corporate Law | 6117 Views

MCA implements stringent norms for closure of firms

15 May 2023 at 08:38

Ministry of corporate affairs has introduced fresh conditions for companies that wish to de-register with the RoC.

Posted in Corporate Law | 4365 Views

MCA takes a serious view of professionals for unethical conduct

04 May 2023 at 08:46

The Ministry of Corporate Affairs has taken a serious view of professionals who help companies incorporate by falsely certifying they have visited the premises of the intended registered office.

Posted in Corporate Law | 15213 Views

Vivad Se Vishwas scheme aimed to provide relief to MSMEs comes into force

03 May 2023 at 08:43

Government launches Vivad se Vishwas scheme for relief to MSMEs for COVID-19 period, as announced in the Union Budget 2023-24

Posted in Corporate Law | 5814 Views

NPS and APY enrolments cross 1.35 crore in FY 2022-23

07 April 2023 at 08:48

Total enrolments under various schemes under NPS and APY cross 1.35 crore during Financial Year 2022-23

Posted in Corporate Law | 3069 Views

MCA struck off 29,059 non-compliant companies in FY 2021 and 2022

05 April 2023 at 08:36

The Corporate Affairs Ministry (MCA) had struck off as many as 29,059 non-compliant companies in FY21 and FY22, Lok Sabha was informed on Monday.

Posted in Corporate Law | 9531 Views

SEBI investigating dealings in shares of 58 companies for violation of extent rules

29 March 2023 at 08:43

As on February 28, 2023, SEBI is investigating the dealings in the shares of 58 companies for violation of SEBI

Posted in Corporate Law | 3342 Views

ICAI releases Exposure Draft of Guidance Note on Transfer of Capital Reserve

22 March 2023 at 07:03

Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.

Posted in Corporate Law | 5262 Views