Karunjit Singh

  • NCLAT seeks clarity from govt, agencies on JSW Steel immunity

    NCLAT seeks clarity from govt, agencies on JSW Steel immunity

    ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution plan.

    Competition Commission of India pitches for self-regulation of ecomm platforms

    Competition Commission of India pitches for self-regulation of ecomm platforms

    The Competition Commission of India has also advocated that e-commerce players increase in transparency in search rankings, collection and use of data and user review and rating mechanisms.The CCI has also recommended that e-commerce platforms notify the businesses of any proposed changes in terms and conditions and only bring them into effect after a reasonable notice period.

    Private companies with large borrowings to undergo secretarial audit

    Private companies with large borrowings to undergo secretarial audit

    On the move to bring all companies with outstanding loans of Rs 100 crore or more under the ambit of secretarial audio, Kankani said, “this move will increase cost a little but will ensure better compliance by companies which have exposure to public funds.”

    Parliament approves chit funds amendment bill

    Parliament approves chit funds amendment bill

    ​​The bill seeks to increase the limits for aggregate fund collections in chit funds to thrice the current limits and allows the chit fund foreman a right to lien against the credit balance from subscribers. The Lok Sabha passed the proposed amendment on November 20.

    Three UP regional rural banks to be amalgamated

    Three UP regional rural banks to be amalgamated

    The notification said the the government had after consultations with the National Bank for Agriculture and Rural Development (NABARD) and the sponsor banks of the concerned regional rural banks decided that it was necessary in public interest and the interest of the three regional rural banks that they be amalgamated.

    ICAI sign MoU with Kuwait auditors and accountants association

    ICAI sign MoU with Kuwait auditors and accountants association

    Prafulla Chhajed, President of the ICAI said " “India and Kuwait share a cordial relationship, strengthened and nurtured with historical trade links, cultural affinities and presence of large number of Indian nationals in Kuwait" adding that there was a need to promote Kuwait-India business partnerships when signing the MoU.

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