Page-5 of Ministry of Corporate Affairs Current Affairs, GK & News

Government releases draft on cross-border insolvency resolution

The Ministry of Corporate Affairs has released draft on cross-border insolvency in order to strengthen Insolvency and Bankruptcy Code (IBC). It will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate with foreign creditors to domestic company. Need The existing IBC provides for two Sections –234 ..

Month: 

Topics: 

Government sets up committee to review the enforcement of CSR provisions

The Ministry of Corporate Affairs (MCA) has constituted 12-member committee to review enforcement of Corporate Social Responsibility (CSR) provisions under Companies Act, 2013. It will be headed by Regional Director (Western Region) Manmohan Juneja. Besides, there will be two sub-committees viz. legal and technical that will go into various aspects in relation to compliance with ..

Month: 

Topics: 

Government launches National CSR Data Portal & Corporate Data Portal

The Union Ministry of Corporate Affairs (MCA) has launched National CSR Data Portal & Corporate Data Portal for bringing accountability and transparency for corporate India. The portals aim to provide easy accessibility to general public and also ensure high level of compliance. It will also help in institutionalising and consolidating the CSR activities. National CSR ..

Month: 

Category: 

Topics: 

Amardeep Singh Bhatia to be new director of Serious Fraud Investigation Office (SFIO)

Amardeep Singh Bhatia, a 1993 batch IAS officer of Nagaland cadre, will be the new director of Serious Fraud Investigation Office (SFIO). The SFIO is a fraud investigating agency in India, under the jurisdiction of the Ministry of Corporate Affairs, under the Ministry of Corporate Affairs. Bhatia is at present joint secretary in the ministry. ..

Topics: 

Government to roll out Condonation of delay scheme

The Union Ministry of Corporate Affairs (MCA) is going to roll out Condonation of Delay Scheme to provide a three-month window for defaulting companies and their director to submit their annual filings. It will be operational from January 1 to March 31, 2018. It is expected to come as a relief for disqualified directors and ..

Month: 

Topics: 

Ministry of Corporate Affairs, CBDT ink MoU for Automatic and Regular Exchange of Information

The Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have signed Memorandum of Understanding (MoU) for automatic and regular exchange of tax information. The purpose of the MoU is to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by ..

Month: 

Topics: