Search result for 'companies act'

Fast-Track Mergers: India Proposes Changes to Rules - Business News

April 5, 2025 23:16

India's corporate affairs ministry seeks public feedback on proposed amendments to rules for fast-track mergers, aiming to streamline the process and enhance ease of doing business.

MRN Chamundi Settles Sebi Case for Rs 56 Lakh

April 2, 2025 21:33

MRN Chamundi Canepower and Biorefineries has settled a case with Sebi over alleged violations of the Companies Act, paying Rs 56 lakh towards the settlement amount.

NFRA Flags Lapses in Audit Quality of 3 Firms

March 30, 2025 21:17

The National Financial Reporting Authority (NFRA) has flagged lapses in audit quality of three audit firms: SRBC & Co LLP, Deloitte Haskins & Sells LLP and Walker Chandiok & Co LLP.

CCI Probes TN State Marketing Corp for Beer Market Monopoly

March 26, 2025 19:25

India's competition watchdog CCI investigates Tamil Nadu State Marketing Corporation (TASMAC) for alleged monopolistic practices in the state's beer market, potentially restricting competition and...

Aakash Founder Challenges Governance Changes: NCLT Hearing

March 18, 2025 22:24

Aakash Educational Services founder Jagdish Chand Chaudhry has challenged changes in the company's governance norms at the NCLT. The case involves a complex ownership structure and disputes over...

India's IBC Resolved ₹10 Lakh Cr Insolvency Cases: Minister

March 17, 2025 15:30

India's Insolvency and Bankruptcy Code (IBC) has resolved 28,818 applications involving ₹10 lakh crore, improving the country's ease of doing business ranking. The Minister also highlighted...

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

March 13, 2025 22:18

The ICAI may review IndusInd Bank's financial statements after discrepancies in accounting to the tune of Rs 2,100 crore were found. The bank's derivatives portfolio is under scrutiny for a...

Jaiprakash Associates Debt Transferred to NARCL

March 12, 2025 22:06

Jaiprakash Associates Ltd has transferred its outstanding loans to National Asset Reconstruction Company Ltd (NARCL) as part of its insolvency process. The consortium of lenders includes SBI, ICICI...

RBI Invites Applications for SROs in Account Aggregator Ecosystem

March 12, 2025 19:24

The Reserve Bank of India (RBI) invites applications for recognition of Self-Regulatory Organisations (SROs) for the account aggregator ecosystem, outlining eligibility criteria and governance...

GLAS Trust Moves NCLAT for Stay on Byju's AoA Amendments

March 11, 2025 22:30

GLAS Trust, a US-based lender to Byju's, has filed a petition in the NCLAT seeking a stay on amendments to the AoA of Aakash Educational Services, arguing they impact the CIRP process. The NCLAT...

SEMPL & Hero MotoCorp Probe: MCA Examining Report, No Conclusion Yet

March 10, 2025 21:18

The Ministry of Corporate Affairs (MCA) is examining the probe report on Salt Experiences and Management Pvt Ltd (SEMPL) and Hero MotoCorp Ltd, but no final conclusion has been reached.

Sebi Launches AML & CFT Certification for Securities Market Intermediaries

March 10, 2025 18:21

Sebi has launched a certification course on AML & CFT provisions for securities market intermediaries to enhance knowledge and compliance. The course covers PMLA, PML rules, and related aspects.

NCLT Rejects Talwandi Power Demerger in Vedanta Split

March 5, 2025 18:58

The National Company Law Tribunal (NCLT) has rejected Talwandi Sabo Power Ltd.'s (TSPL) demerger scheme due to undisclosed debt owed to SEPCO, a creditor. The decision impacts Vedanta's demerger...

Wheat Import Duty Cut: Flour Millers Seek Lower Rates for Supply

March 3, 2025 16:43

Flour millers urge India to reduce wheat import duty to 0-10% to boost domestic supply and stabilize prices, citing concerns over market volatility and climate change.

Flour Millers Must Adopt Modern Tech: BJP MP

March 3, 2025 15:47

BJP MP Praveen Khandelwal urges flour millers to embrace modern technology, focus on supply chain efficiency, and skill development to reduce costs and ensure food security.

Wheat Board Urged: RFMFI Seeks Policy Stability for Flour Industry

March 3, 2025 13:18

The Rollers Flour Millers' Federation of India (RFMFI) has called for the establishment of a Wheat Board to promote research, policy guidance, and market expansion for the flour milling industry....

NCLAT Upholds SFIO Report on IFIN, Deloitte Haskins' Plea Rejected

March 2, 2025 18:46

The NCLAT dismissed Deloitte Haskins' challenge to the SFIO's report on IFIN, upholding the admissibility of the report in proceedings against the firm. This follows a series of legal battles...

Govt Achieves Goal of 10,000 Farmer Producer Organizations

February 28, 2025 16:56

India's government has reached its target of establishing 10,000 farmer producer organizations (FPOs) under a central scheme, boosting agricultural productivity and rural job creation.

Blackstone-Backed Singapore Topco Withdraws NCLT Petition Against Akash AGM

February 24, 2025 21:34

Blackstone-backed Singapore VII Topco withdraws NCLT petition against Akash AGM, alleging oppression and mismanagement. The petition challenged an amendment in the Articles of Association (AoA) of...

Govt Seeks Bankers for PSU Bank Stake Sale

February 24, 2025 17:43

India's DIPAM invites bids from merchant bankers to assist in stake sale of public sector banks and financial institutions. The selected bankers will advise on timing and modalities of the...

Sebi Expands Investor Pool for Angel Funds

February 23, 2025 16:06

Sebi proposes to broaden the definition of qualified institutional buyers (QIBs) for Angel Funds, removing the 200-investor cap and allowing accredited investors to participate.

ICMAI Demands Inclusion of Cost Accountants in New I-T Bill

February 20, 2025 20:37

The Institute of Cost Accountants of India (ICMAI) has urged the government to include cost accountants in the definition of 'accountant' in the Income Tax Bill, 2025, highlighting their expertise...

India Company Registrations: 28 Lakh Companies, 65% Active

February 18, 2025 16:36

Over 28 lakh companies are registered in India, with 65% active, according to government data. The majority of active companies are in business services, manufacturing, and trading. Maharashtra...

Supreme Court to Examine NFRA's Powers to Probe CA Misconduct

February 17, 2025 20:19

The Supreme Court will hear the NFRA's plea on its authority to investigate and penalize chartered accountants and accounting firms for misconduct. The court is considering the validity of NFRA's...

Sebi Issues Rules for Related Party Transaction Disclosure

February 15, 2025 20:12

Sebi introduces new industry standards for disclosure of related party transactions by listed entities, requiring detailed information to be provided to audit committees and shareholders for approval.

Corporate Fraud Probes in India: 462 Companies Investigated in 5 Years

February 10, 2025 15:29

India's Ministry of Corporate Affairs investigated 462 companies for suspected fraud over the past 5 years. Learn about the cases probed by RDs and SFIO.

Foreign Companies Registration in India: 339 in 5 Years - PTI

February 4, 2025 16:33

India saw 339 foreign companies registered in the last 5 years, with a decline since 2020. Learn about the registration process and the number of companies registered each year.

17,600+ Companies Closed in India, 1.38 Lakh Registered

February 4, 2025 15:57

India saw 17,654 company closures and 1,38,027 new registrations until January 26, 2024. The government also announced initiatives to ease business operations.

NFRA Fines Auditor for Lapses in Religare Finvest Case

February 3, 2025 18:22

The National Financial Reporting Authority (NFRA) has penalized an auditor for failing to detect fraud and comply with audit rules in the Religare Finvest case. The auditor was barred from taking...

Indiabulls Real Estate-Embassy Group Merger Approved by NCLAT

January 12, 2025 12:47

The National Company Law Appellate Tribunal (NCLAT) has approved the merger of Indiabulls Real Estate and Embassy Group, overturning an earlier NCLT order. The merger was on hold for 18 months due...

NFRA Audit Flags Shortcomings in CA Firm MSKA & Associates

January 2, 2025 22:23

The National Financial Reporting Authority (NFRA) has identified lapses in audit quality inspections of MSKA & Associates, highlighting concerns regarding governance, independence, and...

Nesco Ex-Director Settles Sebi Case for Rs 21.45 Lakh

January 1, 2025 19:48

Manu M Parpia, former independent director of Nesco Ltd, settled a Sebi case alleging violation of disclosure and regulatory norms by paying Rs 21.45 lakh.

NFRA Finds Deficiencies in BSR & Co's Audit

December 24, 2024 22:20

NFRA highlights shortcomings in BSR & Co's audit of related party transactions, particularly concerning a promoter entity's CCPS investment. The audit regulator found lapses in auditing...

NFRA Fines Auditors Rs 8 Lakh in DB Realty Case

December 24, 2024 21:32

The National Financial Reporting Authority (NFRA) has penalized two auditors Rs 8 lakh for professional misconduct in connection with the audit of DB Realty for FY16. The penalty includes a...

NFRA Fines Deloitte, Auditors for Lapses in ZEEL Audits

December 24, 2024 17:08

The National Financial Reporting Authority (NFRA) has penalized Deloitte Haskins & Sells LLP and two auditors for failing to identify and report financial misrepresentations in ZEEL audits.

Govt Infuses Rs 500 Cr in IFCI for Restructuring

December 22, 2024 16:55

Indian government infuses Rs 500 crore in IFCI to improve its financial health ahead of restructuring and consolidation into a group. This will increase the government's stake in IFCI to over 71%.

Women on Boards: Progress & Challenges in India's Top 100 Companies

December 16, 2024 20:06

A survey reveals significant progress in women's representation on boards of India's top 100 companies, but challenges persist. Learn about the key findings.

Dish TV Shareholders Reject Appointment of Ind Directors

December 12, 2024 22:47

Dish TV shareholders have rejected the proposal to appoint two independent directors, Amit Singhal and Parag Agarawal, due to a lack of required votes. The company has now appointed Mayank Talwar...

E-Adjudication for Business Confidence: MCA Streamlines Regulations

December 11, 2024 21:45

The Ministry of Corporate Affairs introduces e-adjudication and e-consultation platforms to improve ease of doing business, strengthen regulations, and attract global investment.

NCLAT Rejects Aakash AoA Amendment, Sends Case Back to NCLT

December 7, 2024 17:16

The NCLAT has declined to lift the stay on the NCLT order barring the amendment of Aakash Educational Services' Articles of Association, sending the case back to NCLT.

Sebi Warns Against Unregistered Debt Security Platforms

December 5, 2024 19:40

Sebi cautions investors against unregistered online platforms offering unlisted debt securities, highlighting risks and lack of investor protection. Use only registered platforms for listed debt...

Gautam Singhania Appointed Executive Chairman of Raymond Lifestyle

December 5, 2024 12:37

Gautam Hari Singhania has been appointed as the Executive Chairman of Raymond Lifestyle, with shareholders approving the appointment. The decision comes after the demerger of the lifestyle business...

NFRA: Auditing Improved, But Corporate Failures Remain - PTI

December 1, 2024 16:12

NFRA Chairperson Ajay Bhushan Prasad Pandey says auditing has improved, but corporate failures continue due to lack of engagement between auditors and board members. He stresses the need for...

Zee Entertainment Shares Surge After Goenka's Reappointment Rejected

November 29, 2024 17:54

Zee Entertainment Enterprises Ltd shares rose nearly 5% after shareholders rejected Punit Goenka's reappointment as director. The resolution failed to get the required majority vote.

Zee Shareholders Reject Punit Goenka's Reappointment

November 29, 2024 00:40

Zee Entertainment shareholders voted against the reappointment of Punit Goenka as director. Goenka's resolution was defeated at the AGM, with only 49.54% of votes in favor.

Sun Pharma Officials Fined for Related Party Transactions

November 28, 2024 18:07

Sun Pharmaceutical Industries officials, including CMD Dilip Shanghvi, were fined by the Ministry of Corporate Affairs for non-disclosure and lack of approvals for related party transactions.

DIPAM Revises Capital Restructuring Norms for CPSEs

November 18, 2024 21:43

DIPAM issues revised guidelines for CPSE capital restructuring, mandating higher dividend payouts and introducing share buyback options. Learn more about the new norms.

Sebi Bans 4 Entities From Offering Unlisted Debentures

November 18, 2024 21:30

Sebi has directed four entities to stop offering unlisted securities for public subscription on their platforms, including altGraaf, Tap Invest, and Stable Investments, for violating regulatory norms.

SpiceJet AGM for 2023-24 to be Held Before Dec 31

November 6, 2024 21:22

SpiceJet announces its AGM for FY2023-24 will be held on or before December 31, following an extension granted by the Registrar of Companies. The airline also plans to launch eight new flights...

IL&FS Seeks Legal Advice for Excess Remuneration Recovery

November 5, 2024 14:14

IL&FS is seeking legal advice to recover excess remuneration paid to former directors. The debt-ridden firm is aiming to recover approximately Rs 187 crore from the previous board, who...

Sebi Proposes Doubling Threshold for HVDLEs to Rs 1,000 cr

November 1, 2024 10:57

Sebi proposes raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) to Rs 1,000 crore from Rs 500 crore to reduce compliance burdens. The regulator also proposes a sunset...

Maruti Suzuki Q2 Profit Dips 18% to Rs 3,102 Cr

October 29, 2024 15:19

Maruti Suzuki India's net profit for the second quarter ended September declined 18% year-on-year to Rs 3,102 crore, impacted by withdrawal of indexation benefit and tax changes. Revenue rose to Rs...

Sebi Bans First Overseas Capital From Lead Manager Role

October 23, 2024 21:19

SEBI has barred First Overseas Capital from acting as a lead manager for new debt securities mandates due to alleged violations of merchant banker rules. The regulator also issued a show cause...

NCLAT Upholds Govt Takeover of Delhi Gymkhana Club

October 21, 2024 18:17

NCLAT upholds order allowing the central government to take over management of Delhi Gymkhana Club due to alleged mismanagement. The order directs the government to implement remedial measures and...

Wipro to Consider Bonus Shares Ahead of Q2 Results

October 13, 2024 18:56

Wipro's board will meet on October 16-17 to consider a proposal for issuing bonus shares. The announcement comes ahead of the company's Q2 FY25 results.

MCA21 Portal Grievances: Govt Forms Special Team

September 25, 2024 11:23

The Indian government has set up a special team to address grievances related to the MCA21 portal, the key platform for company and LLP filings. The team will resolve urgent issues and suggest...

NCLAT Maintains Status Quo on Vadilal Enterprises Boards

September 24, 2024 20:00

The NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of their board structures until further orders. The decision comes amid a dispute within the Vadilal...

NCLAT Rejects Liberty Shoes' Former CEO's Plea

September 22, 2024 16:55

NCLAT dismissed Adesh Kumar Gupta's petition seeking exemption from shareholding norms to sue Liberty Shoes for oppression and mismanagement. The tribunal upheld the NCLT's decision, stating...

NCLT Rejects Philips India Buyout Bid: Valuation Gap Too Wide

September 20, 2024 17:15

The National Company Law Tribunal dismissed Philips India's plea to buy out minority shareholders due to a massive valuation difference between the company's appointed valuer and minority investors.

National Centre of Excellence for Animation Approved: India Aims to Be Global Content Hub

September 18, 2024 16:41

India's Union Cabinet approves the establishment of a National Centre of Excellence for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai, aiming to bolster the...

Govt to Set Up Section 8 Firm for Startups: Goyal

September 16, 2024 19:18

India's Commerce Minister Piyush Goyal announces the formation of a section 8 company for startups to consolidate initiatives and boost the ecosystem. The move aims to foster innovation and create...

HDFC Bank to Boost Income of 5 Lakh Farmers by 2025

September 15, 2024 15:43

HDFC Bank aims to increase the income of 5 lakh marginal farmers by 2025 under its CSR initiative, Parivartan. The bank also plans to impart skill training to 2 lakh individuals and bring 2 lakh...

NaBFID Notified as Public Financial Institution

September 12, 2024 18:20

The government has notified the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution, bolstering India's infrastructure finance.

Govt Amends Rules for Mergers & Amalgamations Under Companies Law

September 10, 2024 20:03

The Indian government has amended rules regarding mergers under the Companies Act, requiring prior RBI approval for amalgamations involving a foreign holding company and its wholly-owned Indian...

Adani Establishes China Subsidiary for Project Management

September 8, 2024 13:11

Adani Group forms a subsidiary in China, Adani Energy Resources (Shanghai) Co., to offer supply chain and project management services. This follows the group's recent expansion into Kenya with a...

NCLAT Upholds Finolex AGM Outcome, Ousting Deepak Chhabria

September 3, 2024 20:24

The National Company Law Appellate Tribunal (NCLAT) has upheld the outcome of the AGM of Finolex Cables, where shareholders voted against the reappointment of Deepak Chhabria. This decision follows...

V-Guard MD Fined by RoC for Director Appointment Violations

August 27, 2024 19:41

The RoC has fined V-Guard Industries'' Managing Director M K Chittilappilly for violating rules related to director appointments and retirement, as per Section 152(6) of the Companies Act.

RCF Fined Rs 9.66 Lakh by BSE, NSE for Board Non-Compliance

August 22, 2024 19:46

State-owned Rashtriya Chemicals and Fertilizers Ltd (RCF) was fined Rs 9.66 lakh each by BSE and NSE for non-compliance with board composition regulations. The company argues that the government's...

KIOCL Fined Rs 5.36 Lakh by NSE, BSE for Non-Compliance

August 22, 2024 16:11

State-owned KIOCL has been fined Rs 5.36 lakh by both NSE and BSE for non-compliance with SEBI regulations regarding board composition. The company is seeking government intervention to appoint...

Insolvency Board Mandates Unique ID for Valuation Reports

August 13, 2024 19:26

The Insolvency and Bankruptcy Board of India (IBBI) will provide a unique identification number for valuation reports to ensure authenticity and verification under the Insolvency and Bankruptcy...

Banking Laws Amendment Bill: Nominees Per Account Raised to 4

August 9, 2024 10:18

The Indian government will introduce the Banking Laws (Amendment) Bill in Lok Sabha, increasing the number of nominees per bank account to four and revising directorships.

Byju Raveendran Files Caveat Against US Creditor

August 5, 2024 19:38

Byju Raveendran filed a caveat in the Supreme Court against a US-based creditor who opposed the settlement of Rs 158.9 crore dues with BCCI. The creditor alleged 'round-tripping'.

REC Q1 Net Profit Surges 16.57% to Rs 3,460 Cr, Loan Book Hits Rs 5.30 Lakh Cr

July 27, 2024 19:36

REC's consolidated net profit for Q1 FY25 jumped 16.57% to Rs 3,460 crore, driven by higher revenue. The company's loan book also expanded to Rs 5.30 lakh crore, indicating strong growth.

REC Q1 Profit Surges 16.57% to Rs 3,460.19 cr

July 27, 2024 15:41

REC's consolidated net profit for the June quarter rose 16.57% to Rs 3,460.19 crore, driven by higher revenues. The company also announced an interim dividend.

Irdai Orders Care Health to Buy Back ESOPs of Chairperson

July 25, 2024 21:59

Insurance regulator Irdai has directed Care Health Insurance to buy back ESOPs granted to its Chairperson Rashmi Saluja and imposed a fine of Rs 1 crore for violation of norms.

Share Buyback Taxed as Dividend: Impact on Investors

July 23, 2024 16:40

Finance Minister Nirmala Sitharaman announces that buyback of shares will be taxed as dividends for shareholders, effective October 1, 2024. This move could increase the tax burden on investors and...

Govt Internship Scheme: 1 Crore Youth to Get Opportunities

July 23, 2024 14:42

India's government announces an ambitious scheme offering internships to 1 crore youth in top companies over 5 years, with stipend and support.

Govt Takes Steps to Reduce Company Law Litigations

July 22, 2024 15:47

Finance Minister Nirmala Sitharaman details steps taken to reduce pending litigations under the Companies Act, including prosecution withdrawals and decriminalization of offences.

Illegal Online Betting: Money Laundering & Terror Financing Threat - Report

July 11, 2024 16:37

A report highlights the dangers of illegal online betting and gambling, linking them to money laundering and terror financing. It calls for stricter regulations and enforcement.

Herox, Munjal Family Penalized for SBO Violations

July 9, 2024 21:29

The corporate affairs ministry has imposed penalties on Herox Pvt Ltd and two members of the Munjal family for violating significant beneficial owner (SBO) norms. Read more about the violations and...

IEX Reappoints SN Goel as CMD, Elevates Rohit Bajaj as Joint MD

July 5, 2024 16:41

Indian Energy Exchange (IEX) board has reappointed Satyanarayan Goel as Chairman and Managing Director and appointed Rohit Bajaj as Joint Managing Director. Goel's term as MD will end on August 9,...

BYJU'S MCA Investigation: Proceedings Ongoing - Latest Update

June 26, 2024 20:07

The Ministry of Corporate Affairs clarifies that proceedings against BYJU'S under company law are still ongoing, refuting reports of a clean chit. Read more.

Dhanlaxmi Bank appoints Ajith Kumar KK as MD and CEO

June 18, 2024 15:08

Dhanlaxmi Bank has appointed Ajith Kumar KK as its Managing Director & CEO, effective June 20, 2024. Kumar brings over 36 years of banking experience from Federal Bank.

Havells Defends Director Remuneration, Rejects Proxy Firm's Advice

June 12, 2024 21:30

Havells India defends the remuneration proposed for its directors, rejecting a proxy firm's advice to shareholders to vote against their reappointments, citing their experience and contribution to...

Orient Green Power Seeks Share Capital Hike to Rs 2,500 Cr

June 6, 2024 16:33

Orient Green Power plans to increase its authorised share capital to Rs 2,500 crore from Rs 1,600 crore, seeking shareholder approval at its AGM on June 28, 2024.

Kirloskar Brothers Mismanagement: NCLT Order Reinforces Allegations

May 23, 2024 22:14

NCLT order finds mismanagement at Kirloskar Brothers Ltd, confirming lack of board independence and backing allegations by Kirloskar Industries.

LinkedIn India, Nadella Fined for Companies Law Violations

May 22, 2024 20:07

The corporate affairs ministry has fined LinkedIn India, Satya Nadella, and 8 others for violating significant beneficial owner norms under the Companies Act, 2013.

JM Financial Settles Sebi Case for Rs 23 Lakh

May 21, 2024 19:22

JM Financial and six others have paid over Rs 23 lakh to Sebi to settle a case related to alleged violation of disclosure rules and merchant banking norms in the matter of Elcid Investments Ltd.

NFRA Fines Auditors Rs 2.5 Cr in Reliance Commercial Fin Case

May 20, 2024 17:34

The National Financial Reporting Authority (NFRA) has imposed a Rs 2.5 crore penalty on two auditors for professional misconduct and auditing lapses in the Reliance Commercial Finance case for...

IDFC Merges with IDFC First Bank: Shareholders Approve

May 18, 2024 16:20

IDFC First Bank shareholders and NCD holders have approved the merger of parent IDFC Ltd with the lender. The amalgamation will create a full-service universal bank with no promoter entity.

IIFL Securities Q4 Profit Soars 100% to Rs 180 Crore

May 17, 2024 13:33

IIFL Securities reported a more than doubled net profit of Rs 180.4 crore in Q4 FY24, driven by strong growth across all business segments. Total income also surged 74% year-on-year.

MCA Fines Company & Individuals for SBO Non-Disclosure

May 7, 2024 18:49

The Ministry of Corporate Affairs (MCA) imposed a Rs 18 lakh fine on a company, an American, and 6 individuals for failing to disclose significant beneficial ownership.

India Registers 1.85 Lakh Companies in FY24: Corporate Affairs Ministry

May 5, 2024 11:02

India saw the incorporation of over 1.85 lakh companies in fiscal year 2023-24, with a majority in the services sector. Maharashtra led with 17.6% of new registrations. Learn more.

CII Launches Corporate Governance Charter for Startups

April 28, 2024 14:08

CII has launched a corporate governance charter for startups, outlining voluntary recommendations and guidelines for good governance practices, aimed at promoting responsible corporate citizenship...

NFRA Fines Audit Firm Rs 50 Lakh, Imposes 2-Year Ban

April 26, 2024 20:38

The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs 50 lakh on PCN & Associates and Rs 30 lakh on an auditor for auditing lapses. The audit firm and the individual...

NFRA Fines Audit Firm Rs 5 Lakh for Vikas WSP Audit Lapses

April 25, 2024 19:58

NFRA has penalized an audit firm Rs 5 lakh for professional misconduct and lapses in auditing Vikas WSP Ltd's FY20 financials, citing overstatement of profits due to unrecognised interest expense.

SC Upholds IBC Trial Jurisdiction: Special Courts Can Hear Complaints

April 19, 2024 17:35

The Supreme Court has ruled that special courts presided over by sessions judges can hear complaints under the Insolvency and Bankruptcy Code (IBC), overturning a Bombay High Court decision.

NFRA Fines Auditors for Reliance Capital Audit Lapses

April 15, 2024 13:14

The National Financial Reporting Authority (NFRA) has fined Pathak H D & Associates, Parimal Kumar Jha and Vishal D Shah for auditing lapses in Reliance Capital's financials in 2018-19. The...

RoC Fines 2 Companies, 9 Individuals for Illegal Fundraising

April 7, 2024 16:59

The corporate affairs ministry has imposed fines totaling nearly Rs 10 crore on two companies and nine individuals for violating private placement norms. Read more.

IFFCO vs. Triumph Offshore: NCLT Dispute over FSRU JV

March 3, 2024 16:58

IFFCO seeks NCLT intervention against Swan Energy and Triumph Offshore over alleged mismanagement in their FSRU joint venture. Read about the dispute and the key allegations.

Byju's Investors Allege $533 Mn Siphoned, NCLT Hears Rights Issue Dispute

February 27, 2024 20:33

Investors in Byju's allege the edtech giant siphoned off $533 million and challenge a $200 million rights issue, leading to a court hearing. The NCLT reserved its order on the issue.

Amit Shah to Launch NUCFDC for Urban Cooperative Banks

February 26, 2024 16:46

Cooperation Minister Amit Shah will launch the NUCFDC on March 2, an umbrella organization providing technology and capital support to small urban cooperative banks.

IOC, GAIL, ONGC Fined for Director Appointment Failure

February 25, 2024 14:56

IndianOil, ONGC, GAIL, and other PSUs fined for the third consecutive quarter for failing to meet listing requirements regarding board directors. The companies cite government control over...

Byju's EGM: Investors Seek Raveendran Ouster, File Suit

February 23, 2024 16:55

Investors at Byju's EGM seek to oust founder CEO Byju Raveendran and his family, citing mismanagement. They filed a lawsuit before NCLT.

Byju's EGM: Investors Seek Ouster of Raveendran, File Suit

February 23, 2024 13:59

Byju's shareholders hold an EGM to vote on a resolution to oust founder CEO Byju Raveendran and his family over alleged mismanagement. Investors file suit in NCLT.

PFRDA Amends Regulations for Trustee Bank & CRA

February 22, 2024 17:00

PFRDA has amended regulations for Trustee Bank and Central Recordkeeping Agency to simplify and strengthen provisions, reduce compliance costs, and enhance ease of doing business.

BYJU'S EGM Stayed: Karnataka HC Rules on CEO Removal

February 21, 2024 22:04

Karnataka High Court has temporarily halted an EGM called by investors to remove BYJU'S founder Byju Raveendran, but the vote will proceed. Learn more about the ongoing leadership battle at the...

BYJU'S EGM to Oust CEO: Karnataka HC Refuses Stay

February 21, 2024 21:53

Karnataka HC refuses to stay an EGM called by investors of BYJU'S to remove CEO Byju Raveendran and family from leadership. The court granted an interim relief, preventing implementation of any...

PFRDA Amends NPS Trust & Pension Fund Regulations

February 21, 2024 17:05

PFRDA notifies amendments to NPS Trust & Pension Fund Regulations, simplifying provisions, enhancing governance, and reducing compliance costs.

Ashneer Grover Seeks Waiver in BharatPe Case

February 12, 2024 19:06

Ashneer Grover has filed a plea in NCLT seeking waiver to proceed with his petition against BharatPe alleging oppressive conduct and mismanagement by the board.

No Plans for Plastic Notes: MoS Finance

February 6, 2024 20:17

India's Finance Ministry confirms no decision to introduce plastic banknotes, highlighting efforts to enhance security features of existing currency.

MCA Seeks Feedback on Companies & LLP Rules

January 16, 2024 21:17

The Ministry of Corporate Affairs (MCA) is seeking public comments on rules under the Companies Act, 2013 and Limited Liability Partnership Act, 2008.

India: 1.96 Lakh Cos, LLPs Incorporated in 2023

December 28, 2023 19:16

India's corporate affairs ministry reports over 1.96 lakh companies and LLPs were incorporated in 2023, a rise from the previous year. The ministry highlights key developments including ease of...

Sebi Auctions Properties of 5 Companies on Jan 22

December 21, 2023 17:21

Sebi will auction 13 properties of 5 companies, including Sunheaven Agro India and RaviKiran Realty, on Jan 22 to recover funds illegally collected from investors.

Zee Entertainment: 2 Independent Directors Rejected, 3 Appointed

December 17, 2023 21:10

Two independent directors of Zee Entertainment failed to get shareholder approval for reappointment, while three new independent directors have been appointed.

India's GDP to Reach USD 5 Trillion by 2026: Panagariya

December 15, 2023 20:54

India's GDP in current dollar terms is expected to reach USD 5 trillion in 2026, making it the world's third largest economy, according to former Niti Aayog Vice Chairman Arvind Panagariya.

Ashneer Grover vs BharatPe: NCLT Case for Oppression & Mismanagement

December 14, 2023 16:51

Ashneer Grover, former BharatPe MD, has filed a case in NCLT alleging oppression and mismanagement by the fintech company's board. He seeks reinstatement, share audit, and removal of new board...

7,700+ Companies Exited Biz Since C-PACE Launch: Govt

December 11, 2023 14:37

Over 7,700 companies have voluntarily closed down since the C-PACE was established in May 2023, with the average exit time reduced to 110 days.

53 Chinese Companies Set Up Business in India: Govt

December 11, 2023 14:22

India's corporate affairs ministry confirms 53 Chinese foreign companies have established a place of business in the country. Read more about their operations and the ministry's stance on 'shell...

Sebi Standardizes Framework for REITs & InvITs Cash Flow

December 6, 2023 19:31

SEBI introduces a standardized framework for calculating net distributable cash flow for REITs and InvITs, effective from April 1, 2024, to promote ease of doing business in the capital markets.

Over 1 Lakh Companies Exited in India: Govt

December 4, 2023 17:59

India's government reports over 1 lakh companies voluntarily exited in the last five years, with many seeking liquidation under the IBC. Learn more about the process and its impact on the business...

NFRA Has Retrospective Jurisdiction Over Auditors: NCLAT

December 3, 2023 15:59

NCLAT upholds penalty imposed by NFRA on DHFL auditors, ruling that it has retrospective jurisdiction over misconduct. The decision impacts auditors' responsibilities and investor confidence.

Comviva Fined Rs 1 Lakh for CSR Fund Delay

December 2, 2023 22:28

Comviva, a Tech Mahindra subsidiary, was penalized Rs 1 lakh for a delay in transferring unspent CSR funds to the PM Relief Fund, as per a regulatory filing.

Dish TV Calls EGM to Appoint Directors

November 27, 2023 20:45

Dish TV to hold an EGM on Dec 22 to seek shareholder approval for director appointments. This follows fines imposed by BSE and NSE due to board composition issues.

NSE, BSE Fine Power Grid Corp for Lack of Directors

November 24, 2023 17:58

NSE and BSE have fined Power Grid Corporation Rs 5,42,800 each for not having the required number of independent directors, including one woman. The company has requested a waiver of the fine.

India Allows Direct Overseas Listing for Companies

November 1, 2023 19:27

India permits direct overseas listing of companies, subject to conditions, enabling access to global capital markets. Learn about the implications and potential benefits of this move.

Company Name
Price
Volume

Vodafone Idea L
7.91 ( -3.42)
63014572

Srestha Finvest
0.55 (+ 1.85)
25579372

Standard Capital
0.51 ( -1.92)
23892719

YES Bank Ltd.
17.20 ( -4.18)
13060858

GTL Infrastructure
1.47 ( -3.92)
10225168

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