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Wednesday, April 24, 2024
TopicMinistry of Corporate Affairs

Topic: Ministry of Corporate Affairs

Ministry of Corporate Affairs orders inspection into Byju’s account books, reports Bloomberg

Troubles have been mounting for the edtech company, with the company falling behind in payments to a national pension fund.

Corporate Affairs Ministry reviews Adani Group financial statements, says report

Gautam Adani-led group is battling a stock market rout which was triggered by the Hindenburg report on 24 January and this week scrapped a $2.5 billion share sale.

‘Fake address, intent to defraud’: Why India is cracking down on firms with Chinese directors

Registrar of Companies has lodged 39 FIRs in Mumbai alone against companies with foreign directors or shareholders. Officials are tight-lipped but complaints show common patterns.

Carlsberg’s Indian unit under investigation following allegations of potential fraud

Carlsberg’s partner Khetan Group in 2019 had alleged that the Indian unit was offering illegal trade discounts and was engaged in fraudulent practices for sales promotion.

More wine & cigarettes, less sport — why Delhi Gymkhana Club was ‘taken over’ by govt

NCLT dissolved Delhi Gymkhana Club’s general committee last year on various allegations made by govt. NCLAT has upheld that verdict, and govt has appointed an administrator.

Delhi Gymkhana moves NCLAT, says clubs have absolute freedom to govern themselves

At NCLAT, Delhi Gymkhana Club challenges 26 June order passed by NCLT, which had directed the government to appoint two members on the club's general committee.

‘Disgruntled’ members trying to destabilise us: Delhi Gymkhana club on govt plea to take over

The club sought the dismissal of the Ministry of Corporate Affairs’ plea to take over the club before the National Company Law Tribunal, which reserved its order.

Modi govt asks firms to submit form on COVID-19 readiness, CAs say this is not the time

Govt says firms should instantly fill ‘simple form’ when it becomes available on 23 March, CAs say it’s avoidable during crisis caused by coronavirus.

After IL&FS crisis, India considering ceiling on audit firms to break Big Four monopoly

The proposed crackdown by India’s corporate affairs ministry mirrors similar action being planned in the UK.

Modi govt approaches Company Law Tribunal in an attempt to rescue IL&FS

The government may seek a management change and look to supersede the existing board, said reports.

On Camera

The Beckhams’ PR game is on track. Victoria’s 50th birthday was a pop culture moment

The Beckhams have had the sleekest, unassailable PR game in celebrity town. And much of it rests on their carefully curated social media image, especially on Instagram.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India, Oman hold 5th annual high-level meeting to boost maritime security

Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.