Companies Act 2013
Centre for Processing Accelerated Corporate Exit
C-PACE or Centre for Processing Accelerated Corporate Exit is a newly established body that aims to process and dispose of applications for the removal of company names from the records under the Companies Act, 2013. This article delves into the ..
Month: Current Affairs - March, 2023
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Ministry of Corporate Affairs Facility for e – Adjudication
The Ministry of Corporate Affairs launched the MCA21 to speed the access to the services of the ministry. Recently, the ministry added some key features to MCA21. They are e – adjudication, compliance management, and e-consultation. Adjudication means a judgment ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
CSR funds for ‘Har Ghar Tiranga’
Recently, government announced for companies to spend CSR funds on activities related to ‘Har Ghar Tiranga’ campaign. Government is organising the “Har Ghar Tiranga Campaign” as a part of Azadi ka Amrit Mahotsav. The campaign is intended to encourage people ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs
National Financial Reporting Authority – Update (March, 2022)
The Appointments Committee of the Cabinet (ACC) has approved the appointment of former finance secretary Ajay Bhushan Pandey as the chairperson of the National Financial Reporting Authority (NFRA). About NFRA National Financial Reporting Authority (NFRA) is a statutory body, established ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
Foreign direct investment in LIC
The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
Rules related to incorporation of companies changed
The government has amended the rules concerning to the incorporation of companies which comes under the Companies Act, 2013. From 1st September, these changes will come into effect. Highlights Companies Act, 2013, is being implemented by the corporate affairs ..
Month: Current Affairs - July, 2021
PM CARES Fund: Oxygen Plant for 100 new hospitals
The Ministry of Health and Family Welfare recently announced that around hundred new hospitals are to have their own oxygen plant under the PM CARES Fund. PM CARES Fund is Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund. ..
Month: Current Affairs - April, 2021
Global Hackathon: NPCI PayAuth Challenge
The National Payments Corporation of India (NPCI) has announced to launch ‘NPCI PayAuth Challenge’. It is a global-level hackathon that will be organised to get the alternatives of the authentication of Unified Payments Interface (UPI) transactions. One such alternative options ..
Month: Current Affairs - February, 2021
Cabinet approves proposal to allow direct listing of overseas Indian companies
The Cabinet recently approved a proposal to allow direct listing of Indian companies overseas. Appropriate amendment would be made in the Companies Act, 2013 for the same. Very few Indian companies have Global Depository Receipts (GDRs) and only some have ..
Cabinet Approval: To amend Companies Act, 2013
On March 4, 2020, the Union Cabinet approved 72 changes to the Companies Act, 2013. The main aim of the amendment is to decriminalize the provisions in the act. Highlights The amendment aims to recategorize 23 offences and omit 7 ..