Ministry of Corporate Affairs

Government struck off 3,82,581 shell companies during last three years

72 ViewsGovernment struck off 3,82,581 shell companies during last three years Ministry of Corporate Affairs The Government has undertaken a Special Drive for identification and strike off Shell Companies. Based on non-filing of Financial Statements (FS) consecutively for two years or more, companies were identified and after following due process of law as provided under …

Government struck off 3,82,581 shell companies during last three years Read More »

Performance of NCLTs

65 ViewsPerformance of NCLTs Ministry of Corporate Affairs As on 31st July, 2020, total 19,844 cases were pending before National Company Law Tribunal (NCLT), including 12,438 cases under Insolvency and Bankruptcy Code (IBC). This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to …

Performance of NCLTs Read More »

SPICe+ Portal deployed by MCA

77 ViewsSPICe+ Portal deployed by MCA Ministry of Corporate Affairs The Ministry of Corporate Affairs (MCA) has notified and deployed a web-form namely ‘SPICe+’ (pronounced SPICe Plus) vide notification no. GSR 128 dated 18.02.2020 (effective from 23.02.2020) as a part of Government of India’s Ease of Doing Business (EODB) initiatives.  This was stated by Shri …

SPICe+ Portal deployed by MCA Read More »

CCI approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc.

86 ViewsCCI approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc. Ministry of Corporate Affairs The Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. (“Spinco”) by International Flavors & Fragrances Inc. (“IFF”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the …

CCI approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc. Read More »

CCI approves acquisition of sole control over Bombardier Transportation’s by Alstom S.A., AND acquisition of approximately 18% and 3% share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively

138 ViewsCCI approves acquisition of sole control over Bombardier Transportation’s by Alstom S.A., AND acquisition of approximately 18% and 3% share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively Ministry of Corporate Affairs The Competition Commission of India (CCI) approves acquisition of sole control over …

CCI approves acquisition of sole control over Bombardier Transportation’s by Alstom S.A., AND acquisition of approximately 18% and 3% share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively Read More »

Extension of deadlines for various compliances under Companies Act

91 ViewsExtension of deadlines for various compliances under Companies Act Ministry of Corporate Affairs After considering the various representations of stakeholders and the impact of COVID-19 pandemic, in order to facilitate defaulting companies to make a fresh start on a clean slate by filing documents required to be filed under the Companies Act, 2013 and …

Extension of deadlines for various compliances under Companies Act Read More »

Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19

104 ViewsRelaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19 Ministry of Corporate Affairs The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance …

Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19 Read More »

Violation of provisions of Company Law by the Companies

92 ViewsViolation of provisions of Company Law by the Companies Ministry of Corporate Affairs The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written …

Violation of provisions of Company Law by the Companies Read More »

CCI approves proposed combination involving acquisition of 20% of the issued and paid-up equity share capital of Piramal Pharma Limited (Pharma Co.) by CA Clover Intermediate II Investments (Curie)

107 ViewsCCI approves proposed combination involving acquisition of 20% of the issued and paid-up equity share capital of Piramal Pharma Limited (Pharma Co.) by CA Clover Intermediate II Investments (Curie) Ministry of Corporate Affairs The Competition Commission of India (CCI) approves proposed combination involving acquisition of 20% of the issued and paid-up equity share capital …

CCI approves proposed combination involving acquisition of 20% of the issued and paid-up equity share capital of Piramal Pharma Limited (Pharma Co.) by CA Clover Intermediate II Investments (Curie) Read More »

General order for extension of time to hold AGM for FY 2019-20

142 ViewsGeneral order for extension of time to hold AGM for FY 2019-20 Ministry of Corporate Affairs A big Relief is given by Ministry of Corporate Affairs (MCA) to around 12 lakhs companies today by extending the timeline for holding Annual General Meeting till December 31st from September 30th. MCA issued directions to RoCs to …

General order for extension of time to hold AGM for FY 2019-20 Read More »

Get 20% Extra off on Pen Drive Course| Use Coupon Code-Pen20 | offer Valid Til 30th Sep 2020

X
Open chat