IEPFA launches investor helpline
Corporate affairs secretary Injeti Srinivas said that the helpline was set up was a major step to address the concerns of various claimants, according to a government release. The helpline was an initiative by the IEPFA with the help of Common Services Centre (CSC) e-Gov SPV under the IT and electronics ministry.
Companies have spent Rs 50,000 crore on CSR in 5 years: Government
Anurag Thakur said the companies over the last 5 years have contributed Rs...
Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas
The banks should be looking at other options for recovering l...
Personal insolvency regime to be fully operational in one year: Injeti Srinivas
The corporate affairs ministry will be implementing the personal insolvency regime in phases.
Decriminalise 46 more offences under cos law, says panel report
The committee has suggested amendments to 46 penal provisions, "so as to either remove criminality, or to restrict the punishment to only fine, or to allow rectification of defaults through alternative methods", an official release said. The proposals are aimed at further de-clogging of the criminal justice system in the country.
Govt plans to lower fines on companies to boost compliance
A company law panel is expected to recommend lower penalties—half of that levied on larger companies-—for startups, smaller entities, single-person companies and farmer producer organisations. The move will come as a big relief not just for India Inc but for other entities, which together make up for a majority of the companies registered in the country.
Govt working to create information system on stressed companies
The move will help bridge the information gap faced by bidders and is expected to generate more interest from international companies in the domestic distressed asset market.
MCA looking to set minimum threshold for homebuyers initiating insolvency
Government is looking into setting a minimum threshold for homebuyers to be able to drag builders to NCLT.
CSR no more an act of magnanimity; no intention to criminalise any default: Corporate Affairs Secretary
Now under Section 135, non-compliance with CSR spending requirement could attract a fine of at least Rs 50,000 and the quantum could go up to Rs 25 lakh.
Srinivas flags excessive concentration
PwC, Deloitte, Ernst & Young and KPMG are generally referred to as the Big Four.
BJP takes steps to grow in Telangana
As part of the strategy, BJP president Amit Shah will visit Telangana once every month from August onward.
IBC timeline adherence soon: Injeti Srinivas, Corporate Affairs Secretary
Difficult part is over, resolution timelines under IBC will soon be better adhered to, says Corp Affairs Secretary.
Report on CSR violation being fast-tracked
The panel - headed by corporate affairs secretary Injeti Srinivas has suggested that the government classify offences under CSR provisions as civil breaches, attracting monetary fines.
Panel suggests automatic CCI approvals for deals under insolvency law
The Competition Law Review Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recommended a slew of changes with respect to the Act.
Panel for NCLAT bench, M&A 'Green Channel'
The report said the Competition Act should be amended to allow the government to introduce deal value or transaction value thresholds for combinations to come under scrutiny.
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