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Old Rs 500 notes were banned along with Rs 1,000 curreny notes on November 8 last year. (Photo: PTI/FIle)

Deregistered companies deposited Rs 17,000 crore

Some 2.24 lakh companies have been struck-off by the corporate affairs ministry for remaining inactive for a period of...

6 Nov 2017 6:21 AM IST

Centre disqualifies 1 lakh directors of shell firms

The ministry has identified 1,06,578 directors for disqualification under Section 164(2)(a) of the Companies Act, 2013...

13 Sept 2017 4:19 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Govt approaches NCLAT, seeks power to attach properties in PNB scam

The corporate affairs ministry has also sought to invoke powers including the removal of the management and recovery of...

18 April 2018 7:25 PM IST

During the financial year 2017-18 and 2018-19, RoCs had removed/struck off 3,38,963 companies. (Representational image)

The Corporate Affairs Ministry has removed the names of these...

The Corporate Affairs Ministry has removed the names of these companies for their failure to file annual returns.

2 Dec 2019 4:08 PM IST

IFIN, which has been found to be funding its own revenues for several years, was the main source of funds for the IL&FS group entities.

IL&FS brass ignored early warning by whistleblower

The scam at IL&FS hit last year after several group entities defaulted on repayments dues.

10 Jun 2019 4:26 AM IST

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt ready to make more changes, if necessary, to insolvency law

Corporate Affairs Secretary Injeti Srinivas also sought to dispel certain "myths" regarding the law.

3 Aug 2018 12:43 PM IST

Corporate Affairs Ministry has received 537 complaints till date against Sahara Q Shop for not returning the matured amount to investors, Union Minister P P Chaudhary said on Friday.

Govt received 537 complaints against Sahara Q Shop

From the IPOs, which were issued during 1992-2005 period, a total of 238 firms were identified as vanishing companies.

10 Aug 2018 6:55 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Corporate Affairs Ministry seeks details from crisis-hit Jet Airways

Markets regulator Sebi is also looking into the airline delaying June quarter results.

26 Aug 2018 3:16 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank scam

Deepak Kochhar is the Founder and CEO of NuPower Group, as per its website.

10 Sept 2018 7:50 PM IST

Minister of State for Finance Arjun Ram Meghwal.

Govt deregistered over 1.62 lakh companies till July 12

Section 248 provides powers to the Registrar of Companies to remove name of a company from the register on various...

11 Aug 2017 6:04 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Govt looks to scrap deposit insurance norm under company law

Companies may accept deposits without deposit insurance contract till March 31, 2018.

14 May 2017 6:05 PM IST

The government may shortly include Aadhaar card as a valid document for filing income tax returns. (Photo: PTI/File)

Aadhaar to be soon compulsory for filings under Companies Act

Having Aadhaar number along with the filings would help ascertain the authenticity of the individuals.

30 April 2017 2:18 PM IST