NCLT
Ministry of Corporate Affairs Facility for e – Adjudication
The Ministry of Corporate Affairs launched the MCA21 to speed the access to the services of the ministry. Recently, the ministry added some key features to MCA21. They are e – adjudication, compliance management, and e-consultation. Adjudication means a judgment ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - September, 2020
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 ..
Month: Current Affairs - November, 2019
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, ..
Month: Current Affairs - November, 2019
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 ..
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 ..
Induslnd Bank- BFIL merger to be effective from July
The merger of Induslnd Bank and Bharat Financial Inclusion Ltd (BFIL) will be effective from 4 July 2019. This decision to file National Company Law Tribunal (NCLT) Order on 4 July, by lender IndusInd , BFIL and IFIL with Registrar ..
Month: Current Affairs - June, 2019