Companies Act News

Companies

Govt extends deadline for firms to report fresh liabilities

Companies Act mandates that businesses have to report creation of a charge on their assets within 30 days or with additional fees, within 300 days

1 min read18 Jun 2020
Opinion

Keep those handcuffs away

The government move to decriminalise innocuous violations under the law governing companies should help avoid unnecessary run-ins with law enforcement agencies and ease business.

1 min read17 May 2020
News

Govt to offer faceless adjudication of company law breaches

Corporate affairs ministry will upgrade its online services to companies offered through its MCA21 portal so that certain breaches under the Companies Act can be adjudicated remotely through electronic means

2 min read3 Apr 2020
Companies

Centre set to overhaul audit regime to check lapses in governance

One key issue to be finalized is a proposed ban on audit firms from offering non-audit services to audit clientsThe changes will be through rules under the Companies Act as well as through changes to auditing standards

2 min read18 Mar 2020
News

Bill to decriminalise company law breaches likely this Parliament session

Bill will decriminalize over 40 offences which will be classified as civil wrongs not warranting jail termBill aims to make systemically important unlisted companies file financial statements more frequently

1 min read19 Feb 2020
News

More firms in India complying with CSR norms under Companies Act: Report

The findings of the 'India CSR Reporting Survey 2019', compiled by KPMG in IndiaCSR-related disclosures need to be made in the annual report in the format prescribed by the Act

1 min read16 Feb 2020
Companies

Tweak in Companies Act may affect Tata versus Mistry case

While Tata can use provisions to force Mistry to exit, it will need to pay half the 18% stake value upfrontCorporate affairs ministry has added a provision for majority shareholders to buy out minority stockholders

2 min read5 Feb 2020
Politics

Government likely to soon allow Indian companies to list overseas

Changes would need to be done in the companies law and Sebi regulationsOnly public companies are likely to be given permission for overseas listing of equity shares

1 min read26 Jan 2020
News

Business failure not a crime, says PM in bid to revive animal spirits

Referring to the current economic downturn, Modi said he was aware of the discussions surrounding the state of the economyFinance minister Nirmala Sitharaman also urged India Inc to come out of its mood of 'self-doubt'

2 min read20 Dec 2019
News

Less harsh penalties for Companies Act violations on the card

The government wants to overhaul the regulatory architecture to make it easier to do business in India and reduce litigationA simpler regulatory regime will enable businesses to dedicate more time on their core business activities and spend less time and resources on litigation

1 min read15 Nov 2019
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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