Tag: companies act
Promoters with fraud loan A/Cs may not get to join other companies as directors
New Delhi: The government is examining a proposal from lenders to permanently bar promoters of companies whose loan accounts have been declared fraudulent by them…
Finance ministry, NFRA officials brief Par panel on corporate laws amendment bill
Finance ministry officials and the National Financial Reporting Authority (NFRA) on Wednesday briefed a joint committee of Parliament on a bill to amend corporate laws….
NCLAT says NCLT cannot directly order SFIO Probe; refers matter to Centre
New Delhi [India]: The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an investigation…
India should increase investment in R&D to 2 per cent of GDP: Niti Aayog
New Delhi: India should significantly enhance its investment in research and development from the current level of 0.64 per cent to at least 2 per…
Tracking hidden info: Income tax to change tack
A hitherto ignored feature in corporate law will be used by tax sleuths to fish out data tucked away in servers and entities outside the…
Govt widens scope of fast-track mergers; move to benefit larger number of firms
The corporate affairs ministry has relaxed rules to allow the fast-track merger facility to a larger number of companies, especially the small and medium ones,…