Page-3 of Ministry of Corporate Affairs Current Affairs, GK & News

MCA and SEBI sign MoU to Tighten Regulatory Oversight

The Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU) for data exchange between the two regulatory organizations to ensure better regulatory oversight. Components of MoU Facilitating the sharing of data and information between SEBI and MCA on an automatic and regular basis. Enabling ..

Category: 

Topics: 

UNCITRAL Model Law for Crossborder Insolvency Resolution

A committee set by the Ministry of Corporate Affairs has recommended the UNCITRAL model law for cross-border insolvency resolution. The committee makes the following recommendations for addressing the cross-border insolvency: Adopting the UNCITRAL or United Nations Commission on International Trade Laws on cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganization ..

Topics: 

Government plans introducing AI system in MCA 21 portal

The Ministry of Corporate Affairs (MCA) has laid out its plans to introduce artificial intelligence (AI) system in its MCA 21 portal. It will be introduced when Ministry will roll out the Version 3 of the MCA 21. Key Highlights Background: In early 2019, the Ministry of Corporate Affairs sought applications from various service providers ..

Month: 

Category: 

Topics: 

IEPF Authority recovers Rs 1514 Cr of Depositors Money

The Investor Education and Protection Fund (IEPF) Authority in a major success has recovered deposits worth Rs 1,514 crore from Kolkata-based Peerless General Finance and Investment Company. This money of depositors was pending with the company for the last 15 years. Investor Education and Protection Fund Authority Investor Education and Protection Fund (IEPF) was established ..

Month: 

Category: 

Topics: 

Ministry of Corporate Affairs releases national guidelines on responsible business conduct

Ministry of Corporate Affairs (MCA) has recently released the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and spirit. For this purpose, the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGS) have also been revised. According to the guidelines, businesses should ..

Topics: 

Corporate Affairs Ministry released Guidelines on responsible business conduct

Ministry of Corporate Affairs has revised the National Voluntary Guidelines and has formulated the National Guidelines on Responsible Business Conduct. These guidelines will urge businesses to actualise the principles in letter and spirit. According to it, businesses should conduct and govern themselves with integrity in an ethical, transparent, safe and accountable manner. The goods and ..

Topics: