Corporate Law News
MCA registers highest ever 1.67 lakh companies in FY 2021-22
18 April 2022 at 16:38During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh company incorporations as compared to 1.55 Lakh companies during FY 2020-21. The increase is significant considering that number of companies incorpo
IBBI Amends Voluntary Liquidation Process Regulations
09 April 2022 at 08:52Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
MCA extended timelines for Audit Trail Requirement and filling of CSR-2
05 April 2022 at 08:39Central Government hereby makes rules further to amend the Companies (Accounts) Rules, 2014,
GoI took a number of initiatives under Atmanirbhar in MSMEs Sector
05 April 2022 at 08:39The Government has taken a number of initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses, including MSMEs
MSMEs Are Growth Accelerators Making Significant Contribution To GDP: Shri Narayan Rane
30 March 2022 at 08:59Shri Narayan Rane says MSMEs are growth accelerators making a significant contribution to GDP and need to be strengthened
IBBI | More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016
23 March 2022 at 08:57359 cases resolved with realisable value of more than Rs 2 lakh crore for creditors
SFIO assigned 14 cases involving 95 companies in FY 2021-22
23 March 2022 at 08:57SFIO formed through a Government Resolution is an Investigating Agency under MCA, which was given statutory recognition under the Companies Act, 2013 (the Act)
IBBI admits 1060 cases into corporate insolvency resolution process in around 2 years
23 March 2022 at 08:57As per the information provided by Insolvency and Bankruptcy Board of India, in the years 2020-21 and 2021-22 (upto 31st December, 2021), 538 and 522 cases, respectively, have been admitted into the CIRP under the IBC 2016
More than 95% MSMEs benefitted under ECLGS
23 March 2022 at 08:57As informed by the National Credit Guarantee Trustee Company Limited, the agency which operates the ECLGS, as on 11.3.2022, a total of 117.87 lakh businesses have been supported
GoI takes initiatives to provide financial assistance including access to working capital for MSMEs
22 March 2022 at 08:37The Government has taken a number of initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, including access to working capital.
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