Corporate law Current Affairs, GK & News

MCA notifies Insolvency and Bankruptcy Rules, 2019

On 15 Nov, the Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules).  The rules will provide a framework for insolvency and liquidation proceedings of Financial Service Providers (FSPs) other than banks. These rules will be applicable ..

Topics: Bankruptcy • Business law • Corporate law • Debt • Economy • Finance • Insolvency • Liquidation

Andhra Pradesh government launches online platform SMARTPORT

The Andhra Pradesh government has launched a new online platform – SMARTPORT – as part of implementing the Ease of Doing Business Reforms related to trade and export promotion in all ports in the state. The new initiative will be covered under the Public Service Delivery Guarantee Act and tracked through a single-desk portal to ..

Month: Current Affairs - December, 2020

Topics: Abuse of the legal system • Andhra Pradesh • Corporate law • Corruption • Crime • Deception • Human behavior • Kansas City SmartPort • Political corruption • Politics

Injeti Srinivas Committee to look into offences under the Companies Act

The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil offences as well as review other provisions of the Companies Act and the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..

Topics: Business law • Corporate law • Economy • Indian company law • Insolvency and Bankruptcy Code • Law • Legal entities • Limited liability partnership • Modi administration • National Company Law Tribunal • Partnerships • United Kingdom company law

NCGG signs a MoU with IICA to ensure better utilisation of infrastructure facilities during training programmes

The National Centre for Good Governance (NCGG) has recently signed a Memorandum of Understanding (MoU) with the Indian Institute of Corporate Affairs (IICA) to ensure better utilisation of infrastructure facilities during training programmes. The NCGG has been set up by the Government of India (GoI) under the aegis of DARPG (Department of Administrative Reforms and ..

Topics: Board of directors • Corporate law • Good Governance • Governance • IICA • Indian Institute of Corporate Affairs • Ministry of Corporate Affairs • Political science • Politics

Independent Directors and Uday Kotak Committee

The Uday Kotak Committee on Corporate Governance had given various recommendations on Independent Directors (ID). An ID is a director on a company’s Board other than a managing director, whole-time director or a nominee director. He / She is required to take an autonomous view of the going on in a company while overseeing its ..

Topics: Board of directors • Business • Clause 49 • Committees • Corporate Governance • Corporate law • Economy • Gujarati people • Independent director • Uday Kotak

Sankara Rao appointed as new MD & CEO of India Infrastructure Finance Company Limited (IIFCL)

Sankara Rao has been appointed as the new Managing Director & Chief Executive Officer (CEO) of the India Infrastructure Finance Company Limited (IIFCL). According to an order issued by the Department of Personnel and Training (DoPT), the Appointments Committee of the Cabinet (ACC) has approved his appointment to the post for a period of 3 ..

Topics: Board of directors • Business • Business law • Committees • Corporate law • Corporations