Companies Act: News

30 Oct 2024

Andhra Pradesh

'YSR didn't divide assets...': Jagan Reddy's mother amid property feud

YS Vijayamma, the widow of former Andhra Pradesh Chief Minister YS Rajasekhara Reddy, has broken her silence on the ongoing property dispute between her children.

Why Swiggy has offered special protections to directors before IPO

Swiggy, one of India's leading food delivery apps, has given some special protections to board members who represent its big investors—SoftBank, Accel, and Prosus.

17 Jul 2024

Indian Government

Centre mulls decriminalization of several provisions in key corporate acts

The Indian government is contemplating the decriminalization of 14 provisions in three significant corporate laws, according to Moneycontrol.

17 May 2020

Nirmala Sitharaman

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.

01 Oct 2018

India

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

India

#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

India

#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

Cognizant

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

India

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

India

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.

23 Jul 2017

India

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

India

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.

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.

10 Sep 2016

India

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

Karnataka

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.