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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: