Tag: companies act
Govt sets up special team to address grievances related to MCA21 portal
The government has set up a special team to address stakeholders’ grievances related to MCA21 portal, the key platform for submitting various filings under the…
Centre amends rules related to amalgamations under companies law
The government has amended certain rules governing mergers under the companies law and amalgamations involving a foreign holding company and its wholly-owned Indian subsidiary will…
mca: MCA to conduct inspection of Byju’s books
The ministry of corporate affairs (MCA) will conduct an inspection of Byju’s books in a bid to ascertain any potential corporate governance lapses, an official…
MCA to intensify crackdown on shell firms
The ministry of corporate affairs (MCA) is planning to harden a crackdown on non-functional (shell) companies, having already struck off hundreds of thousands of such…
No priority for worker dues after liquidation under IBC
The Supreme Court on Tuesday endorsed a provision of the Companies Act, 2013, that says workers’ dues will not get preferential payment in case of…
Mandates for independent director searches rise 2X as maximum allowed term of 10 year comes to an end
As the current fiscal year marks the end of the maximum ten-year term for many non-executive directors, mandates for independent director searches have more than…
877 foreign companies ceased their ‘place of business’ in India between 2014 & November 2021
Total 877 foreign companies have ceased their ‘place of business’ in India between 2014 to November 2021. The Ministry of Corporate Affairs in a written…
MCA notifies procedure for physical submission of compliance forms
The ministry of corporate affairs (MCA) on Tuesday notified the procedure for physical submission of compliance forms. The development comes after several companies faced impediments…