NCLT Current Affairs, GK & News
MCA: 60% Eligible for pre-pack turnaround Scheme
The Ministry of Corporate Affairs (MCA) recently announced that six out of ten active Indian companies are eligible for the new pre-packaged bankruptcy scheme. This is because out of the 1.3 million active companies in India, 60% belong to the category of MSME (Micro, Small and Medium Enterprises). Background The President of India recently promulgated ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: IBC • Insolvency and Bankruptcy Code • Insolvency Resolution • NCLT • Ordinance
Vodafone and Idea launches integrated brand identity ‘Vi’
An integrated brand identity – Vi has been announced by Vodafone and Idea which is pronounced ‘we’. The new brand is having the tagline ‘Together for Tomorrow’. About Vodafone Vodafone is a British telecommunications company. Global headquarters of the company is based in London, England. It in Asia, Africa, Europe, and Oceania. As of 2020, Vodafone has operated networks in 24 countries and is planning ..
Month: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: NCLT • Vodafone • Vodafone Idea Limited
DHFL becomes 1st financial services firm to be taken to NCLT
The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore. As per the statutory inspection of DHFL conducted by ..
Month: Current Affairs - November, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Dewan Housing Finance Corp. Ltd • DHFL • Insolvency and Bankruptcy Code • National Company Law Tribunal • NCLT • RBI
Committee on Companies Act, 2013 submits its report to Finance Ministry
Ministry of Finance and Corporate Affairs constituted the Company Law Committee in September 2019. The Committee submitted its report to the Finance Minister on November 18, 2019. Objective of the Committee The Committee was constituted to decriminalize the Companies Act, 2013. This is being done to provide Ease of Living for Corporate in the country. ..
Month: Current Affairs - November, 2019
Category: Reports & Indexes Current Affairs
Topics: Companies Act 2013 • Corporate Sector • Economic growth • Growth rate • Ministry of Finance • NCLT
Companies (Amendment) Bill, 2019
Parliament has passed the Companies (Amendment) Bill, 2019. What are the amendments proposed? The Companies Act, 2013 provided that certain classes of public companies are required to issue shares in a dematerialised form (Demat) only. The Bill expands the ambit of this provision for other classes of unlisted companies as well. The bill categorises 16 ..
Topics: National Company Law Tribunal • NCLT • PM Relief Fund
The amendment of Companies Act, 2013
The Companies Act, 2013 was passed by the Indian Parliament to consolidate and amend the law relating to companies. What is the Companies Act, 2013? It regulates the incorporation of a company, the responsibilities of a company. appointment of directors and other laws related to the dissolution of a company. It replaces any earlier act, ..
Topics: Companies Act 2013 • Economy • NCLT • NFRA