Companies Act: News

17 May 2020

Narendra Modi

Sitharaman fifth tranche announcements: All sectors open to private firms

Union Finance Minister Nirmala Sitharaman on Sunday announced the fifth and last tranche of the Rs. 20 lakh crore economic package announced by the government to revive the economy amid the coronavirus outbreak.

21 Oct 2019


Soon, IIT Foundation will accredit engineering colleges

Soon, the National Board of Accreditation (NBA) will no longer accredit engineering colleges in India.

01 Oct 2018


Government takes over debt-ridden financial firm IL&FS after NCLT nod

The National Company Law Tribunal (NCLT) today allowed the Union Government's interim prayer to reconstitute the Board of Infrastructure Leasing & Financial Services Ltd (IL&FS).

29 Aug 2018


#FinancialBytes: How to register a company in India?

A corporation must be registered under Section 2(20) of The Companies Act, 2013 to function legally as a company in India.

30 May 2018


#FinancialBytes: How to register a company in India?

A corporation must be registered under Section 2(20) of The Companies Act, 2013 to function legally as a company in India.

04 Apr 2018


HC partially unfreezes Cognizant's bank-accounts, orders payment of Rs. 420cr

A week after freezing bank accounts of Cognizant Technology Solutions in a Rs. 2,500cr tax-evasion case, the Madras HC has asked it to pay 15% (Rs. 420cr) to I-T in two days.

28 Mar 2018


I-T freezes Cognizant's bank accounts over Rs. 2,500cr tax evasion

The Income Tax (I-T) department has frozen some bank accounts of Cognizant Technology Solutions India P Ltd over alleged tax evasion to the tune of Rs. 2,500cr.

28 Feb 2018


PNB scam fallout: Center acts on setting up long-delayed NFRA

The massive PNB scam, India's biggest banking fraud till date, seems to have rattled the authorities.

14 Dec 2017

Karan Johar

Maneka Gandhi urges Bollywood to ensure safe workplaces for women

Maneka Gandhi, Union Minister for Women and Child Development, wrote letters on Wednesday to 24 top Bollywood production houses, urging them to enforce the sexual harassment act.

21 Sep 2017

Ratan Tata

Investors' nod to Tata Sons to become private limited company

Tata Sons shareholders have approved its conversion into a private limited company. It came after NCLAT allowed Cyrus Mistry's family firms to file a case against Tata Sons.

23 Jul 2017


NSSO findings: Jobs in the unorganized sector are drying up

According to findings of a 2015-2016 NSSO survey, employment in India's unorganized sector is stagnating despite rising incomes.

19 Jun 2017


WannaCry Attack: Corporate Affairs Ministry's portal was hacked

India was one of the 150 countries, whose computer systems and networks were affected by the infamous WannaCry ransomware cyberattack that took place last month.

08 May 2017

Narendra Modi

Black money crackdown - CBI investigation uncovers shell company network

The Central Bureau of Investigation (CBI), in its ongoing three-year long investigation into black money, uncovered evidence of a clandestine web of 339 shell companies used to channel funds up to Rs. 290 crore.

02 May 2017

Indian Government

EC unhappy with Electoral Bonds proposition

The Election Commission has expressed reservations about the government's decision to introduce electoral bonds for donations to political parties.

24 Apr 2017

Ratan Tata

Tribunal says Mistry makes no case against Tatas

The National Company Law Tribunal stated that petitions filed by shareholders linked to Cyrus Mistry, have made no case against the Tata group.

17 Apr 2017

Ratan Tata

NCLT quashes Mistry's waiver petition

Cyrus Mistry's petition that alleged mismanagement and oppression of minority shareholder interests suffered badly as the National Company Law Tribunal declined to grant "waiver to Cyrus Mistry's family firms on the minimum shareholding requirement to petition" against Tata Sons.

30 Mar 2017

Lok Sabha

Lok Sabha passes Finance Bill, rejects RS amendments

The Lok Sabha passed the Finance Bill, without accepting any of the 5 amendments suggested by the Rajya Sabha.

30 Mar 2017

Lok Sabha

Opposition forces 5 amendments to Finance Bill in RS

The opposition forced 5 amendments to the Finance Bill to be adopted by the Rajya Sabha, in what is seen as a setback to the Centre.

22 Mar 2017

Lok Sabha

2017 Finance bill to undergo major reforms

Arun Jaitley suggested a major overhaul in finance bill to bring about electoral reforms.

23 Nov 2016

Ratan Tata

Nusli Wadia serves notice to Tatas

Nusli Wadia has sent another defamation notice to Tata Sons after he sent the first one on Monday over an EGM that sought to remove him from Tata Steel.

22 Nov 2016

Ratan Tata

Wadia won't go down quietly: Asks Tatas to withdraw charges

Nusli Wadia, an independent director and an old Tata associate wrote a strongly worded letter warning the board of directors of Tata Sons against his expulsion.

10 Sep 2016


SEBI issues circular against crowdfunding platforms

SEBI has reportedly issued an investor-warning circular to equity crowdfunding platforms that help start-ups, questioning their legality.

22 Aug 2016


State Government Housing Scheme to go Electronic

Rajiv Gandhi Rural Housing Corporation Ltd. (RGRHCL), a Karnataka government-sponsored housing scheme for citizens that are not economically successful, will soon go digital.