ministry of corporate affairs (MCA) Current Affairs, GK & News

National Asset Reconstruction Company- Key Facts

The National Asset Reconstruction Company (NARC) has finally become a legal entity registered with the Registrar of Companies (RoC) Mumbai. Key Points NARC is also called as bad bank is finally here in India. It is considered as a one-stop solution for banking systems stressed assets menace. Under the first phase, 22 stressed accounts amounting ..

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Central Scrutiny Centre and IEPFA’s Mobile App Launched

Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, has launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority (IEPFA) Mobile App. These tech-enabled initiatives were developed by Ministry of Corporate Affairs to strengthen vision of “Digitally Empowered India”. Key Point These two initiatives will help in creating a new corporate ..

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MCA-CBIC MoU for exchange of Data

Ministry of Corporate Affairs (MCA) and Central Board of Indirect Taxes and Customs (CBIC) have signed a Memorandum of Understanding (MOU) on February 25, 2021. Highlights The MoU was signed and is now in the force for data exchange between both the organisations. It was signed by Joint Secretary of MCA, Shri Manoj Pandey and ..

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MCA amends the Definition of Small Companies

The ministry of corporate affairs (MCA) has amended definition of the small companies by amending the Companies Rules. The new amendment allows the non-resident Indians (NRIs) to incorporate one person companies (OPCs) in India. Highlights The changes were announced by finance minister Nirmala Sitharaman during the presentation of Union budget. These changes will come into ..

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